Chairman of the Federal Deposit Insurance Corporation

E111586

The Chairman of the Federal Deposit Insurance Corporation is the head of the U.S. agency that insures bank deposits and oversees the safety and soundness of the nation’s banking system.

All labels observed (2)

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf federal executive position
government office
leadership position
appliesToJurisdiction United States banking system
appointedBy President of the United States
canBeReappointed true
chairpersonOf Board of Directors of the FDIC
surface form: FDIC Board of Directors
confirmedBy United States Senate
country United States of America
createdBy Glass–Steagall Act
surface form: Banking Act of 1933 (establishing FDIC)
goal maintain public confidence in the U.S. banking system
promote stability of the financial system
protect depositors of insured institutions
hasAuthorityOver FDIC budget proposals
FDIC regulatory and supervisory priorities
FDIC staff and operations
hasDeputy Vice Chairman of the Federal Deposit Insurance Corporation
hasEmployer Federal Deposit Insurance Corporation
hasOfficeLocation Washington, D.C.
hasStyle Chairman
headOf Federal Deposit Insurance Corporation
isNonCabinetPosition true
legalBasis 12 U.S.C. § 1812
Federal Deposit Insurance Act
memberOf Board of Directors of the FDIC
surface form: FDIC Board of Directors
oversees FDIC resolution of failed banks
FDIC supervision and examination policies
implementation of federal deposit insurance program
safety and soundness of insured depository institutions
participatesIn Federal Financial Institutions Examination Council
Financial Stability Oversight Council
partOf Federal Deposit Insurance Corporation
United States federal financial regulatory structure
reportsTo President of the United States (for the Comptroller of the Currency)
surface form: President of the United States (as appointing authority)

United States Congress
surface form: United States Congress (oversight)
responsibleFor overall direction of the FDIC
policy leadership for the FDIC
representing the FDIC before Congress
representing the FDIC in interagency coordination
representing the FDIC in international financial forums
scopeOfAuthority Deposit Insurance Fund
surface form: FDIC deposit insurance fund

FDIC‑insured banks and savings associations
seat FDIC headquarters
sector bank regulation
financial regulation
selectionProcess presidential nomination with Senate confirmation
termLength 5 years

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Financial Stability Oversight Council includesMember Chairman of the Federal Deposit Insurance Corporation
Board of Directors of the FDIC canDelegateAuthorityTo Chairman of the Federal Deposit Insurance Corporation
this entity surface form: FDIC Chairman
FDIC operating divisions operatesUnderAuthorityOf Chairman of the Federal Deposit Insurance Corporation
this entity surface form: FDIC Chairman