Martin J. Gruenberg

Martin J. Gruenberg (born 1953) is the acting Chairman and was the 20th Chairman of the U.S. Federal Deposit Insurance Corporation (FDIC). [1] [2] He was appointed to the post for a five-year term by Barack Obama. His appointment was confirmed by the United States Senate on November 15, 2012.[2]

Martin Gruenberg
Chair of the Federal Deposit Insurance Corporation
Assumed office
February 5, 2022
Acting
PresidentJoe Biden
Preceded byJelena McWilliams
In office
July 8, 2011  June 5, 2018
Acting: July 8, 2011 – November 15, 2012
PresidentBarack Obama
Donald Trump
DeputyThomas M. Hoenig
Preceded bySheila Bair
Succeeded byJelena McWilliams
In office
November 15, 2005  June 26, 2006
Acting
PresidentGeorge W. Bush
Preceded byDonald Powell
Succeeded bySheila Bair
Personal details
Born1953 (age 6869)
Political partyDemocratic
EducationPrinceton University (BA)
Case Western Reserve University (JD)

Gruenberg has served on the FDIC Board of Directors since August 22, 2005. He served as Acting Chairman from November 16, 2005, to June 26, 2006, and again from July 9, 2011, to November 15, 2012. He is the longest-serving director in FDIC history, surpassing a record set by Preston Delano (who served in his capacity as Comptroller of the Currency from 1938 to 1953) in December 2019.[3]

Before joining the FDIC Board, Gruenberg served as Senior Counsel to Senator Paul S. Sarbanes (D-MD) on the staff of the Senate Committee on Banking, Housing, and Urban Affairs from 1993 to 2005. He also served as Staff Director of the Banking Committee's Subcommittee on International Finance and Monetary Policy from 1987 to 1992. Gruenberg served as Chairman of the Executive Council and President of the International Association of Deposit Insurers from November 2007 to November 2012.

Gruenberg holds a J.D. from Case Western Reserve University School of Law and an A.B. from Princeton University, Woodrow Wilson School of Public and International Affairs.[2]

References

  1. "FDIC Board of Directore". 2022-02-05. Retrieved 2022-02-05.
  2. "FDIC: Board of Directors & Senior Executives". FDIC.gov. Retrieved 2012-12-26.
  3. "ABA Daily Newsbytes". American Bankers Association. 2 January 2020.
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