    [United States Government Manual]
    [June 01, 2006]
    [Pages 398-402]
    [From the U.S. Government Publishing Office, www.gpo.gov]

    FEDERAL DEPOSIT INSURANCE CORPORATION

    550 Seventeenth Street NW., Washington, DC 20429

    Phone, 202-736-6000. Internet, www.fdic.gov.
    Board of Directors:

    Chairman                                          Martin J. Gruenberg,
                                                              Acting
    Vice Chairman                                     Martin J. Gruenberg
    Directors:
        (Comptroller of the Currency)                 John C. Dugan
        (Director, Office of Thrift                   John M. Reich
                Supervision)
        Appointive Director                           Thomas J. Curry

    Officials:

    Deputy to the Chairman and Chief Operating        John F. Bovenzi
          Officer
    [[Page 399]]

    Deputy to the Chairman and Chief Financial        Steven O. App
            Officer
    Deputy to the Vice Chairman                       Barbara A. Ryan,
                                                              Acting
    Deputy to the Director (Comptroller of the        William A. Rowe III
            Currency)
    Deputy to the Director (Office of Thrift          Claude A. Rollin
            Supervision)
    Special Assistant to the Director                 John F. Vogel
    General Counsel                                   Douglas H. Jones,
                                                              Acting
    Director, Division of Administration              Arleas Upton Kea
    Director, Division of Finance                     Frederick S. Selby
    Director, Division of Information Technology and  Michael E. Bartell
            Chief Information Officer
    Director, Division of Insurance and Research      Arthur J. Murton
    Director, Division of Resolutions and             Mitchell L. Glassman
            Receiverships
    Director, Division of Supervision and Consumer    Sandra L. Thompson,
            Protection                                        Acting
    Director, Office of Diversity and Economic        D. Michael Collins
            Opportunity
    Director, Office of Enterprise Risk Management    James H. Angel, Jr.
    Director, Office of Legislative Affairs           Alice C. Goodman
    Ombudsman                                         Cottrell L. Webster
    Director, Office of Public Affairs                D.J. Nordquist
    Chief Learning Officer                            David C. Cooke
    Inspector General                                 Patricia M. Black,
                                                              Acting

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    The Federal Deposit Insurance Corporation promotes and preserves public
    confidence in U.S. financial institutions by insuring bank and thrift
    deposits up to the legal limit of $100,000; by periodically examining
    State-chartered banks that are not members of the Federal Reserve System
    for safety and soundness as well as compliance with consumer protection
    laws; and by liquidating assets of failed institutions to reimburse the
    insurance funds for the cost of failures.

    The Federal Deposit Insurance Corporation (FDIC) was established under
    the Banking Act of 1933 in response to numerous bank failures during the
    Great Depression. FDIC began insuring banks on January 1, 1934. As of
    April 1, 2006, the deposit insurance coverage on certain retirement
    accounts at a bank or savings institution was raised to $250,000. The
    basic insurance coverage for other deposit accounts remains at $100,000.
        FDIC does not operate on funds appropriated by Congress. Its income
    is derived from insurance premiums on deposits held by insured banks and
    savings associations and from interest on the required investment of the
    premiums in U.S. Government securities. It also has authority to borrow
    from the Treasury up to $30 billion for insurance purposes.
        Management of FDIC consists of a Board of Directors that includes
    the Chairman, Vice Chairman, and Appointive Director. The Comptroller of
    the Currency, whose office supervises national banks, and the Director
    of the Office of Thrift Supervision, which supervises federally or
    State-chartered savings associations, are also members of the Board. All
    five Board members are appointed by the President and confirmed by the
    Senate, with no more than three being from the same political party.

    Activities

    FDIC insures about $3.9 trillion of U.S. bank and thrift deposits. The
    insurance fund is composed of insurance premiums
    [GRAPHIC] [TIFF OMITTED] T206692.037

    [[Page 401]]

    paid by banks and savings associations and the interest on the
    investment of those premiums in U.S. Government securities, as required
    by law. Premiums are determined by an institution's level of
    capitalization and potential risk to the insurance fund.
        FDIC examines about 5,245 State-chartered commercial and savings
    banks that are not members of the Federal Reserve System, called State
    nonmember banks. FDIC also has authority to examine other types of FDIC-
    insured institutions for deposit insurance purposes. The two types of
    examinations conducted are for safety and soundness, and for compliance
    with applicable consumer laws such as the Truth in Lending Act, the Home
    Mortgage Disclosure Act, the Equal Credit Opportunity Act, the Fair
    Housing Act, and the Community Reinvestment Act. Examinations are
    performed on the institution's premises and off-site through computer
    data analysis.
        A failed bank or savings association is generally closed by its
    chartering authority, and FDIC is named receiver. FDIC is required to
    resolve the closed institution in a manner that is least costly to FDIC.
    Ordinarily, FDIC attempts to locate a healthy institution to acquire the
    failed entity. If such an entity cannot be found, FDIC pays depositors
    the amount of their insured funds, usually by the next business day
    following the closing. Depositors with funds that exceed the insurance
    limit often receive an advance dividend, which is a portion of their
    uninsured funds that is determined by an estimate of the future proceeds
    from liquidating the failed institution's remaining assets. Depositors
    with funds in a failed institution that exceed the insurance limit
    receive a receivership certificate for those funds and partial payments
    of their uninsured funds as asset disposition permits.
        As part of its insurance, supervisory, and receivership
    responsibilities, FDIC also performs other functions relating to State
    nonmember banks, including:
        --approval or disapproval of mergers, consolidations, and
    acquisitions where the resulting bank is an insured State nonmember;
        --approval or disapproval of a proposal by a bank to establish and
    operate a new branch, close an existing branch, or move its main office
    from one location to another;
        --approval or disapproval of requests to engage as principal in
    activities and investments that are not permissible for a national bank;
        --issuance of enforcement actions, including cease-and-desist
    orders, for specific violations or practices requiring corrective
    action; and
        --review of changes in ownership or control of a bank.

             Regional Offices--Federal Deposit Insurance Corporation
    ------------------------------------------------------------------------
                         Region/Address                          Telephone
    ------------------------------------------------------------------------
    Atlanta, GA (Suite 800, 10 Tenth St. NE., 30309)........    678-916-2200
    Chicago, IL (Suite 3500, 500 W. Monroe St., 60661)......    312-382-7500
    Dallas, TX (Suite 1900, 1910 Pacific Ave., 75201).......    214-754-0098
    Kansas City, MO (Suite 1200, 2345 Grand Blvd., 64108)...    816-234-8000
    New York, NY (4th Fl., 20 Exchange Pl., 10005)..........    917-320-2500
    San Francisco, CA (Suite 2300, 25 Jessie St., 94105)....    808-546-1810
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    Sources of Information

    Consumer Information  Telephone inquiries about deposit insurance and
    other consumer matters can be directed to the FDIC call center at 877-
    ASK-FDIC (275-3342), from 8 a.m. to 8 p.m. eastern time, Monday through
    Friday. For credit card complaints, call 800-378-9581, from 8:30 a.m. to
    4:30 p.m. central time, Monday through Friday. Written inquiries can be
    sent to the Division of Supervision and Consumer Protection at the
    regional offices listed above or to FDIC headquarters. E-mail inquiries
    can be sent to the FDIC web site at www.fdic.gov. The online FDIC
    customer assistance form for submitting an inquiry or a complaint is
    available at www2.fdic.gov/starsmail/index.asp. A copy of a bank's
    quarterly Report of

    [[Page 402]]

    Condition is available from the call center at cost, or free from the
    FDIC web site at www2.fdic.gov/Call_TFR_Rpts/.
    General Inquiries  Written requests for general information may be
    directed to the Office of Public Affairs, Federal Deposit Insurance
    Corporation, 550 Seventeenth Street NW., Washington, DC 20429.
    Public Records  Many FDIC records are available on the FDIC web site.
    Inquiries about other types of records available to the public,
    including records available under the Freedom of Information Act, should
    be directed to the Chief, FOIA/PA Group 550 17th St. NW., Washington, DC
    20429 or any regional office.
    Publications  Publications, press releases, congressional testimony,
    directives to financial institutions, and other documents are available
    through the Public Information Center. Phone, 877-275-3342 (option 4).
    E-mail, publicinfo@fdic.gov. Internet, www.fdic.gov.

    For further information, contact the Office of Public Affairs, Federal
    Deposit Insurance Corporation, 550 Seventeenth Street NW., Washington,
    DC 20429. Phone, 202-898-6993. Internet, www.fdic.gov.

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