Martin J. Gruenberg (born 1953) is an American government official and attorney who is the two-time and current chairman, as well as three-time acting chairman, of the U.S.

Federal Deposit Insurance Corporation The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures cr ...

(FDIC).

Education

Gruenberg holds a J.D. from Case Western Reserve University School of Law and an A.B. from

Princeton University Princeton University is a private research university in Princeton, New Jersey. Founded in 1746 in Elizabeth as the College of New Jersey, Princeton is the fourth-oldest institution of higher education in the United States and one of the ...

Woodrow Wilson School of Public and International Affairs The Princeton School of Public and International Affairs (formerly the Woodrow Wilson School of Public and International Affairs) is a professional public policy school at Princeton University. The school provides an array of comprehensive course ...

Career

Before joining the FDIC Board, Gruenberg served as Senior Counsel to Senator Paul S. Sarbanes (D- MD) on the staff of the

Senate Committee on Banking, Housing, and Urban Affairs The United States Senate Committee on Banking, Housing, and Urban Affairs (formerly the Committee on Banking and Currency), also known as the Senate Banking Committee, has jurisdiction over matters related to banks and banking, price controls, d ...

(Senate Banking Committee) from 1993 to 2005. He also served as Staff Director of the Banking Committee's Subcommittee on International Finance and Monetary Policy from 1987 to 1992. Gruenberg served as chairman of the executive council and president of the

International Association of Deposit Insurers The International Association of Deposit Insurers (IADI) was formed on 6 May 2002 with the purpose of sharing deposit insurance expertise with the world and contributing to the stability of financial systems as the standard setter for deposit insur ...

from November 2007 to November 2012.

Federal Deposit Insurance Corporation (FDIC)

Gruenberg has served on the FDIC Board of Directors since August 22, 2005, with confirmations by the Senate on July 29, 2005 by voice vote, on March 29, 2012 by voice vote, and on December 19, 2022 by a vote of 45–39. From the beginning of his tenure on the board until his first Senate confirmation as chairman in 2012, Gruenberg served as the Senate-confirmed vice chairman. He served as acting chairman under President

George W. Bush George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush family, and son of the 41st president George H. W. Bush, he ...

from November 16, 2005 to June 26, 2006, until the confirmation of

Sheila Bair Sheila Colleen Bair (born April 3, 1954) is an American civil servant who was the 19th Chair of the U.S. Federal Deposit Insurance Corporation (FDIC), during which time she assumed a prominent role in the government's response to the 2008 financ ...

. Gruenberg also served as acting chairman under President

Barack Obama Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the ...

from July 9, 2011 to November 28, 2012. In 2011, Obama nominated Gruenberg for a full five-year term as chairman, and was confirmed by the Senate on November 15, 2012. He served as chairman of the FDIC from November 28, 2012 to June 5, 2018. In December 2019, he became is the longest-serving director in FDIC history, surpassing

Preston Delano Preston Brady Delano (April 2, 1886 – August 31, 1961) was a United States Comptroller of the Currency from October, 1938 to 1953. He inherited this Office from an Acting Comptroller of the Currency from April 1938 to September 1938 named Ma ...

, who served in his capacity as

Comptroller of the Currency The Office of the Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all nationa ...

from 1938 to 1953. Under President Joe Biden, Gruenberg served as acting chairman for a third time beginning on February 5, 2022. Biden nominated Gruenberg for a second full term in November 2022, and the nomination was confirmed by the Senate on December 19, 2022. Gruenberg was sworn in for his second Senate-confirmed term as chairman on January 5, 2023.

References

External links

* , - , - {{DEFAULTSORT:Gruenberg, Martin J. 1953 births Case Western Reserve University School of Law alumni Chairs of the Federal Deposit Insurance Corporation George W. Bush administration personnel Living people Obama administration personnel Princeton School of Public and International Affairs alumni Trump administration personnel