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News Now

Washington
Hoenig takes next step toward FDIC
WASHINGTON (12/14/11)--Thomas Hoenig took the next step toward becoming vice chairman of the board of directors of the Federal Deposit Insurance Corp. (FDIC) when his nomination was unanimously approved by the Senate Banking Committee on Tuesday.

Hoenig, who previously served as president of the Federal Reserve Bank of Kansas City, was nominated to join the FDIC by President Barack Obama in October. Hoenig's nomination will now move on to the full Senate.

Another Obama nominee, Carla León-Decker, is still awaiting a vote on her nomination to join the National Credit Union Administration. The nomination of the CEO of the $47 million District Government Employees FCU, Washington, D.C., could receive further consideration after the new year, Credit Union National Association Senior Vice President of Legislative Affairs Ryan Donovan said.


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