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Federal R eser ve B ank
OF DALLAS
ROBERT
AND

D. M C T E E R , J R .

president
CHIEF EX ECUTIVE

O FF IC E R

December J19, 1994
.7

l^ C tC U lU C l

d allas, tex as
7526 5 -5 9 0 6

Notice 94-125

TO:

The Chief Executive Officer of each
member bank and others concerned in
the Eleventh Federal Reserve District
SUBJECT
New Chairman Appointed to the
Federal Financial Institutions Examination Council
DETAILS

Ricki R. Tigert, Chairman, Federal Deposit Insurance Corporation (FDIC), is
now serving as Chairman of the Federal Financial Institutions Examination Council. Ms.
Tigert will be filling the remainder of the two-year term that began April 1, 1993, held
by former Acting FDIC Chairman Andrew C. Hove, Jr. Mr. Hove succeeded John P.
LaWare, a member of the Federal Reserve Board.
Ms. Tigert became the 16th Chairman of the FDIC on October 7, 1994. She
is the first woman to head a federal banking agency.
ATTACHMENT

A copy of the FFIEC’s press release dated November 9, 1994, is attached.
MORE INFORMATION

For more information, please contact the FFIEC at (202) 634-6556. For
additional copies of this Bank’s notice, please contact the Public Affairs Department a'
(214) 922-5254.
Sincerely yours,

For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal
Reserve Bank of Dallas: Dallas Office (800) 333 -4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012; Houston
Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810.

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

Federal Financial Institutions Examination Council

2100 Pennsylvania Avenue, NW, Suite 200 • Washington, DC 20037 • (202)634-6526 • FAX (202)634-6556

Press Release
For immediate release
Ricki

R.

Tigert,

November 9, 1994
Chairman,

Federal

Deposit

Insurance

Corporation, is now serving as Chairman of the Federal Financial
Institutions Examination Council.

Ms. Tigert will be filling the

remainder of the two-year term that began April 1, 1993 held by
former Acting FDIC Chairman Andrew C.

Hove,

Jr

Mr.

Hove

succeeded John P. LaWare, a Member of the Federal Reserve Board.
The Vice Chairman of the Council is Jonathan L. Fiechter, the
Acting Director of the Office of Thrift Supervision.
The Council was created by the Federal Financial Institutions
Regulatory and Interest Rate Control Act of 1978.

It is composed

of the heads of the Federal Deposit Insurance Corporation, the
National

Credit

Union

Administration,

the

Office

of

Thrift

Supervision, the Office of the Comptroller of the Currency, and a
Member of the Federal Reserve Board.

The Act creating the Council

directed it to promote uniformity with respect to examination and
supervisory policies and procedures and to help rationalize the
United States' system of supervision of financial institutions.
Ms. Tigert became the 16th Chairman of the Federal Deposit
Insurance Corporation (FDIC) on October 7, 1994.

She is the first

woman to head a federal banking agency.
the time of her appointment, Ms. Tigert had been a partner
in the Washington office of the law firm of Gibson,
Office of the Comptroller of the Currency, Office of Thrift Supervision

Dunn and

-

Crutcher since 1992.

2

-

As an attorney specializing in banking and

finance, Ms. Tigert has held key positions in the private sector as
well as in all branches of the federal government.

Most recently

from 1985 to 1992 Ms. Tigert was the chief international lawyer for
the Federal Reserve Board and was responsible for developing and
implementing new banking legislation, major regulatory initiatives
and multilateral financings.
Prior to working at the Federal Reserve, Ms. Tigert served for
two years

as

senior

counsel

for

international

finance

at the

Treasury Department, where she was instrumental in the development
of a new U.S.

Treasury bond.

From 1979 to 1983,

she advised

banking institutions on regulatory compliance matters with the law
firm of Leva, Hawes, Symington, Martin and Oppenheimer.

From 1978

to 1979, Ms. Tigert was counsel to the Judiciary Committee of the
U.S. Senate.
Ms. Tigert was born in North Carolina on February 4, 1945, and
raised in Smyrna and Murfreesboro, Tennessee.
honors

from

Vanderbilt

University

with

University of North Carolina with an M.A.

a

She graduated with
B.A.

and

from

the

She received a J.D. with

honors from the University of Chicago Law School.

After graduating

from law school, she clerked for U.S. Court of Appeals Judge John
Minor

Wisdom.

Until

recently,

she

chaired

the

American

Association'1s international banking and finance committee.

Bar
Ms.

Tigert is a member of the American Law Institute, the Council on
Foreign Relations, and the Visiting Committee of the University of
Chicago Law School.

i

i

/


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102