FDIC Board of Directors: Donna Tanoue (seated), John D. Hawke, Jr., Ellen
Seidman, Andrew C. Hove, Jr. (standing left to right)
Donna Tanoue took office as the 17th Chairman of the Federal Deposit Insurance Corporation
on May 26, 1998.
Chairman Tanoue has led the FDIC on the most
significant reevaluation of its mission since the agency was created in 1933: reforming
deposit insurance to make the system fairer, more effective and more secure. She has also
focused the attention of the Corporation–and the public–on emerging risks in the
financial institutions industry and has initiated effective safeguards to assure safety
and soundness in a wide range of banking activities, from subprime lending to on-line
banking. In addition, she has advanced proposals to protect consumers from predatory
lending and address problems in payday lending.
Before she became FDIC Chairman, Ms. Tanoue was a
partner in the Hawaii law firm of Goodsill Anderson Quinn & Stifel, which she joined
in 1987. She specialized in banking, real estate finance, and government affairs.
From 1983 to 1987, Ms. Tanoue was Commissioner
for Financial Institutions for the State of Hawaii. In that post, she was the primary
state regulator for state-chartered banks, savings and loan associations, trust companies,
industrial loan companies, credit unions, and escrow depository companies. She also served
as Special Deputy Attorney General to the Department of Commerce and Consumer Affairs for
the State of Hawaii from 1981 to 1983.
Ms. Tanoue received a J.D. from Georgetown
University Law Center in 1981 and a B.A. from the University of Hawaii in 1977.
Andrew C. Hove, Jr.
Mr. Hove was appointed to his second term as Vice Chairman of the FDIC in 1994. His first
term as Vice Chairman began in 1990. Since 1991, Mr. Hove has served as Acting Chairman of
the FDIC three times, most recently from June 1, 1997, when Chairman Ricki Helfer
resigned, to May 26, 1998, when Donna Tanoue was sworn in as the 17th Chairman. Before
joining the FDIC, 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
Mayor of Minden from 1974 until 1982 and was Minden's 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 Association.
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
Ms. Seidman became Director of the Office of Thrift Supervision (OTS) on October 28, 1997.
As OTS Director, Ms. Seidman is also an FDIC Board member.
Ms. Seidman joined the OTS from the White House,
where from 1993 to 1997 she was Special Assistant to President Clinton for economic policy
at the White House National Economic Council. She chaired the interagency working group on
pensions and dealt with such issues as financial institutions, natural disaster insurance,
bankruptcy and home ownership.
From 1987 to 1993, Ms. Seidman served in various
positions at Fannie Mae, ending her career there as Senior Vice President for Regulation,
Research and Economics. Other prior positions include Special Assistant to the Treasury
Under Secretary for Finance from 1986 to 1987, and Deputy Assistant General Counsel at the
Department of Transportation from 1979 to 1981. Ms. Seidman also practiced law for three
years beginning in 1975 with Caplin & Drysdale, a Washington, DC, law firm
specializing in tax, securities and bankruptcy issues.
Ms. Seidman received an A.B. degree in government
from Radcliffe College, an M.B.A. from George Washington University and a J.D. from
Georgetown University Law Center.
John D. Hawke, Jr.
Mr. Hawke was sworn in as the 28th Comptroller of the Currency on December 8, 1998. After
serving 10 months under a recess appointment, he was sworn in for a full five-year term on
October 13, 1999. As Comptroller, Mr. Hawke serves as an FDIC Board member.
Prior to his appointment as Comptroller, Mr.
Hawke served for three and a half years as Under Secretary of the Treasury for Domestic
Finance. He oversaw the development of policy and legislation in the financial
institutions, debt management and capital markets areas, and served as Chairman of the
Advanced Counterfeit Deterrence Steering Committee and as a member of the board of the
Securities Investor Protection Corporation. Before Treasury, Mr. Hawke was a senior
partner at the Washington, DC, law firm of Arnold & Porter, which he first joined as
an associate in 1962. While there, he headed the financial institutions practice, and from
1987 to 1995, served as the firm's Chairman. In 1975, he left the firm to serve as
General Counsel to the Board of Governors of the Federal Reserve System, returning in
Mr. Hawke graduated from Yale University in 1954
with a B.A. in English. From 1955 to 1957, he served on active duty with the U.S. Air
Force. After graduating in 1960 from Columbia University School of Law, where he was
Editor-in-Chief of the Columbia Law Review, Mr. Hawke was a law clerk for Judge E. Barrett
Prettyman on the U.S. Court of Appeals for the District of Columbia Circuit. From 1961 to
1962, he served as counsel to the Select Subcommittee on Education in the House of
From 1970 to 1987, Mr. Hawke taught courses on
federal regulation of banking at Georgetown University Law Center. He has also taught
courses on bank acquisitions and financial regulation, and serves as the Chairman of the
Board of Advisors of the Morin Center for Banking Law Studies in Boston. Mr. Hawke has
written extensively on matters relating to the regulation of financial institutions, and
is the author of "Commentaries on Banking Regulation," published in 1985. He was
a founding member of the Shadow Financial Regulatory Committee, and served on the
committee until joining Treasury in April 1995.
Vice Chairman Hove retired from the FDIC in
January 2001. John Reich, a former banker and Chief of Staff for former U.S. Senator
Connie Mack, was sworn in as an FDIC Board member later that month.