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Thomas Hoenig departs FDIC

Joe Mont | April 30, 2018

April 30 was the last day of service for Thomas Hoenig as vice chairman and a member of the board of directors of the Federal Deposit Insurance Corporation.

Hoenig joined the board in April 2012 and served a full six-year term. Prior to that, he was the president of the Federal Reserve Bank of Kansas City and a member of the Federal Open Market Committee from 1991-2011.

“It has been an honor and a privilege to serve the public and be a part of the FDIC and its mission during these past six years,” Hoenig said in a statement.

FDIC Chairman Martin Gruenberg praised his departing colleague’s service. “Tom has been a forceful advocate for strong, independent financial regulation and has contributed enormously to the mission of the FDIC during his time as vice chairman. The FDIC was fortunate to benefit from his service,” he said in a statement.

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