became the 16th Chairman of the Federal Deposit Insurance Corporation on October 7, 1994,
and the first woman ever to head a federal banking agency. Before her appointment by
President Clinton, Ms. Helfer was a partner in the Washington office of the law firm of
Gibson, Dunn & Crutcher, specializing in banking and finance.
Ms. Helfer has held positions in all
branches of the federal government. From 1985 to 1992, she was the chief international
lawyer for the Board of Governors of the Federal Reserve System. Prior to working at the
Federal Reserve Board, she served nearly two years as Senior Counsel for international
finance at the U.S. Treasury Department. From 1978 to 1979, she was Counsel to the
Judiciary Committee of the U.S. Senate. She also clerked for U.S. Court of Appeals Judge
John Minor Wisdom.
FDIC Board of Directors (seated l-r):
Joseph H. Neely, Ricki Helfer, Andrew C. Hove, Jr. (standing l-r):
Eugene A. Ludwig and Nicolas P. Retsinas
Born in North Carolina and raised in
Tennessee, Ms. Helfer graduated magna cum laude from Vanderbilt University with a B.A. and
from the University of North Carolina with an M.A. She graduated with honors from the
University of Chicago Law School and served as Associate Editor of the Law Review. Ms.
Helfer is a member of the American Law Institute, the Council on Foreign Relations, and
the Visiting Committee of the University of Chicago Law School. She is past Chairman of
the Committee on International Banking and Finance of the American Bar Association. Ms.
Helfers various civic activities include serving as a member of the board of
directors of the Girl Scouts of the USA.
On March 14, 1997,
Chairman Helfer announced her intention to leave the agency on June 1. A successor had not
been appointed by that date, and Vice Chairman Hove began a third term as Acting Chairman.
Andrew C. Hove, Jr.
Mr. Hove was appointed to a second
term as Vice Chairman of the FDIC in 1994. He served as Acting Chairman from August 1992
until the confirmation of Ricki Helfer as the Chairman in October 1994. Prior to his first
appointment as Vice Chairman in 1990, Mr. Hove was Chairman and Chief Executive Officer of
the Minden Exchange Bank & Trust Company, Minden, Nebraska, where he served in every
department during his 30 years with the bank.
Also involved in local government,
Mr. Hove was elected Mayor of Minden from 1974 until 1982 and was Mindens Treasurer
from 1962 until 1974.
Other civic activities included
serving as President of the Minden Chamber of Commerce, President of the South Platte
United Chambers of Commerce and positions associated with the University of Nebraska. Mr.
Hove also was active in the Nebraska Bankers Association and the American Bankers
Mr. Hove earned his B.S. degree at
the University of Nebraska-Lincoln. He also is a graduate of the University of
Wisconsin-Madison Graduate School of Banking. After serving as a U.S. naval officer and
naval aviator from 1956 to 1960, Mr. Hove was in the Nebraska National Guard until 1963.
Mr. Neely served as
Mississippis banking commissioner before being sworn in as a member of the FDIC
Board on January 29, 1996. His appointment, which followed nomination by President Clinton
on July 12, 1995, and Senate confirmation later that year on December 22, brought the
Board to its full membership of five directors for the first time since August 1992.
Mr. Neelys banking experience
began in 1977 with the Grenada Sunburst Banking System in Grenada, Mississippi, where he
worked in the lending area. In 1980, he continued his community banking service at
Merchants National Bank of Vicksburg, Mississippi, where he ultimately served as Senior
Vice President before being named Commissioner of the Department of Banking and Consumer
Finance for the State of Mississippi in 1992. As Commissioner, Mr. Neely was the primary
regulator and supervisor of state-chartered bank and thrift institutions, as well as
state-chartered credit unions and consumer finance companies.
Throughout his career, Mr. Neely has
been active in community affairs and has held a number of civic leadership positions.
A native of Grenada, Mississippi,
Mr. Neely received his B.S. and M.B.A. degrees from the University of Southern
Mississippi. He also is a graduate of the Stonier Graduate School of Banking, Rutgers
University; The School of Bank Marketing, University of Colorado; and the School of Bank
Management and Strategic Planning, University of Georgia. Mr. Neely also served on the
faculty of the Mississippi School of Banking.
Eugene A. Ludwig
Mr. Ludwig became the 27th
Comptroller of the Currency on April 5, 1993. As the Comptroller, Mr. Ludwig also serves
as an FDIC Board member.
Prior to becoming Comptroller, Mr.
Ludwig was with the law firm of Covington and Burling in Washington, DC, since 1973, where
he specialized in intellectual property law, banking and international trade. He became a
partner in 1981.
Mr. Ludwig earned his B.A. magna cum
laude from Haverford College in Pennsylvania. He also received a Keasbey scholarship to
attend Oxford University, where he earned a B.A. and M.A. Mr. Ludwig holds an LL.B. from
Yale University, where he served as Editor of the Yale Law Journal and Chairman of Yale
Nicolas P. Retsinas
Mr. Retsinas was appointed Director
of the Office of Thrift Supervision (OTS) by President Clinton on October 10,1996,
following the resignation of Acting Director Jonathan L. Fiechter. As OTS Director, Mr.
Retsinas is also an FDIC Board member.
While with OTS, Mr. Retsinas
continues to serve as Assistant Secretary for Housing-Federal Housing Commissioner at the
U.S. Department of Housing and Urban Development (HUD). He was appointed to the HUD post
in 1993 following his nomination by President Clinton and confirmation by the Senate. He
also serves on the Federal Housing Finance Board, the Board of the Neighborhood
Reinvestment Corporation, and the Advisory Board of the Community Development Financial
Mr. Retsinas was Executive Director
of the Rhode Island Housing and Mortgage Finance Corporation from 1987 to 1993, and in
1991 also served as Director of Policy for the Governor of Rhode Island. He also was an
Adjunct Assistant Professor in Urban Studies at Brown University. Mr. Retsinas received a
B.A. in economics from New York University and an M.A. in city planning from Harvard