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Friday, March 30, 2012

Senate Confirms FDIC & OCC Nominations

The Senate yesterday confirmed, by unanimous consent, three members to the FDIC Board -- Martin Gruenberg, Thomas Hoenig and Jeremiah Norton -- as well as Thomas Curry to be Comptroller of the Currency. The action fill all the positions on the FDIC board, however the Senate did not confirm Gruenberg and Hoenig as chair and vice chair, respectively, of the agency. Therefore, Gruenberg will continue to serve as acting chairman.

Jerome Powell and Jeremy Stein, nominees to the Federal Reserve Board and approved by the Senate Banking Committee, were not approved by the full Senate because two senators had registered objections.

The Senate Banking Committee also approved -- and the Senate confirmed -- Christy Romero to be special inspector general for the Troubled Asset Relief Program.

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