Obama Nominates Former Fed President Hoenig for FDIC Vice Chair
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U.S. President Barack Obama nominated Thomas Hoenig, the former Federal Reserve Bank of Kansas City president, to be vice chairman of the Federal Deposit Insurance Corp.
The nomination went to the U.S. Senate today, according to an e-mailed statement from the White House. That would almost complete an FDIC board that has been reduced to just three of five voting members because of departures and membership changes required by the Dodd-Frank Act.