Bloomberg News

Obama Nominates Hoenig to Federal Deposit Insurance Corporation

October 20, 2011

Oct. 20 (Bloomberg) -- President Barack Obama nominated Thomas M. Hoenig as vice chairman of the board of directors of the Federal Deposit Insurance Corporation, the White House announced.

Hoenig, 66, whose nomination was sent to the Senate, stepped down Oct. 1 as president of the Federal Reserve Bank of Kansas City, a position he held since 1991.

--Editor: Jim Rubin.

To contact the reporter on this story: Roger Runningen in Washington at

To contact the editor responsible for this story: Mark Silva at

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