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Hoenig nominated as FDIC vice chairman

President Barack Obama nominated former Kansas City Federal Reserve Bank President Thomas Hoenig on Oct. 20 to be vice chairman of the board of directors of the FDIC.

Hoenig was the president and CEO of the Federal Reserve Bank of Kansas City from 1991 to 2011 where he directed Federal Reserve activities in the Tenth Federal Reserve District — an area that spans a large portion of the central United States including: Colorado, Kansas, Nebraska, Oklahoma, Wyoming, the northern half of New Mexico and the western third of Missouri. He retired on Oct. 1, 2011, due to age requirements for regional Reserve Bank presidents.

You can read the announcement from the White House on Hoenig's nomination by clicking here.

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