Press Release - President Obama Announces Another Key Administration Post

WASHINGTON, DC – Today, President Barack Obama announced his intent to nominate the following individual to a key Administration post:

•      Thomas M. Hoenig- Vice Chairman, Board of Directors of the Federal Deposit Insurance Corporation

President Obama announced his intent to nominate the following individual to a key Administration post:

Dr. Thomas M. Hoenig, Nominee for Vice Chairman, Board of Directors of the Federal Deposit Insurance Corporation

Dr. Thomas M. Hoenig was the President and Chief Executive Officer of the Federal Reserve Bank of Kansas City from 1991 to 2011. As the President and CEO of the Federal Reserve Bank of Kansas City, Dr. Hoenig directed Federal Reserve activities in the Tenth Federal Reserve District. Dr. Hoenig first joined the Federal Reserve Bank of Kansas City in 1973 as an economist in the banking supervision area. He was named a Vice President in 1981 and Senior Vice President in 1986. In addition to his work at the Federal Reserve, he has served as an instructor of economics at the University of Missouri-Kansas City. Dr. Hoenig is a member of the Board of Trustees of the Ewing Marion Kauffman Foundation and serves on the boards of directors of Midwest Research Institute and Union Station. He received a B.A. in Economics and Mathematics from Benedictine College and a M.A. and a Ph.D. in Economics from Iowa State University.