Joseph H. Neely
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
Mr. Neely's 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 has lectured at the Stonier Graduate School of Banking,
the Graduate School of Banking at Louisiana State University, and the Alabama and
Mississippi Schools of Banking.
Eugene A. Ludwig
Mr. Ludwig became the 27th Comp- troller of the Currency on April 5,1993. As the
Comptroller, Mr. Ludwig also serves as an FDIC Board member.
In January 1997, Mr. Ludwig was elected Chairman of the
Neighborhood Reinvestment Corporation. He also serves as Chairman of the Federal Financial
Institutions Examination Council and the federal Consumer Electronic Payments Task Force.
Prior to becoming Comptroller, Mr. Ludwig was with the law firm
of Covington and Burling in Washington, DC, where he specialized in intellectual property
law, banking and international trade. He became a partner in 1981.
Raised in York, Pennsylvania, 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 Legislative Services.
Mr. Ludwig's five-year term as Comptroller of the Currency
expired on April 4, 1998.
Ellen S. Seidman
Ms. Seidman became Director of the Office of Thrift Supervision (OTS) on October 28, 1997.
She succeeded Nicolas P. Retsinas, who had served in dual positions as OTS Director and
Assistant Secretary for Housing-Federal Housing Commissioner at the U.S. Department of
Housing and Urban Development. 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