Thomas Hoenig Net Worth

Thomas Hoenig biography

Thomas Hoenig is Director of the company. Mr. Hoenig served as Vice Chairman of the Federal Deposit Insurance Corporation ("FDIC") from 2012 until 2018. In that capacity, he had an oversight role for FDIC operations and policy related to deposit insurance pricing, bank supervision, and financial stability and bank resolution. He also served as Chair of the FDIC's Bank Appeals and Audit Committees, and served as Director of NeighborWorks America, which was established by Congress to address housing issues nationwide. He also served as the President and Chairman of the International Association of Deposit Insurers ("IADI") fromOctober 2015toOctober 2017and as a member of its board from 2012 to 2017. IADI is the global standard-setting body for deposit insurance systems. Mr. Hoenig was President and Chief Executive Officer of the Federal Reserve Bank ofKansas Cityand a member of the Federal Reserve System's Federal Open Market Committee from 1991 to 2011. Mr. Hoenig was with the Federal Reserve for 38 years, beginning as an economist and then as a senior officer in banking supervision. As President and Chief Executive Officer, he led the Federal Reserve Bank ofKansas Cityduring the Great Recession and the banking crisis of 2008 and 2009. He was responsible for operations involving 1,300 employees across four offices in a seven-state region serving more than 2,000 financial institutions.