Vote May Show If Tiebreaker Has Set FDIC on New Course

Linder, Craig
January 2004
American Banker;1/13/2004, Vol. 169 Issue 8, p1
Trade Publication
After Thomas J. Curry was confirmed as the fifth member of the Federal Deposit Insurance Corp. board, observers said his appointment would finally enable it to set policy without Treasury Department assent. The board is slated to consider a proposal to simplify coverage rules for living-trust accounts eight months after its members split on the issue and postponed a decision. Mr. Curry, who was sworn in Monday, could be the tiebreaker on a board that has had only four members since 1998. "People will be watching him on this vote," said Chris Cole, a regulatory counsel at the Independent Community Bankers of America.


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