The Federal Deposit Insurance Corp. officially added a former Federal Reserve bank president and J.P. Morgan Securities executive to its board of directors this week.

The FDIC swore in Thomas Hoenig, former president of the Federal Reserve Bank of Kansas City, and Jeremiah Norton, former executive director at J.P. Morgan Securities, to its board.

“I welcome Thomas Hoenig and Jeremiah Norton to the FDIC and look forward to working with them,” said FDIC Acting Chairman Martin Gruenberg. “They both are accomplished individuals, and their perspectives and experience will be important additions to the board as the FDIC continues to respond to a number of challenging issues and continues with the rulemaking process.”

Hoenig served as president of the Federal Reserve Bank of Kansas City from 1991 to 2011. 

Prior to serving J.P. Morgan Securities as executive director, Norton served the U.S. Treasury Department as deputy assistant secretary for financial institutions policy. 

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