FDII NEWS RELEASE
FlDUAL DlPDSIT INSURANCE COll'OUTION
FOR IMMEDIATE REI.FASE PR-159-91
WILLIAM TAYIDR BEO'.:MES FDIC aiAIRMAN
(10-25-91)
William Taylor tcrlay became the 15th Ola.innan of the Federal Deposit
Insurance Corporation. He succeeds L. William Seidman, whose six-year tenn as
Ola.innan expired October 16, 1991.
Mr. Taylor, 52, has spent nost of his professional career with the
Federal Reserve System. Prior to his appointment to the FDIC, Mr. Taylor was
staff Director of the Fed's Division of Banking SUpe:rvision arrl Regulation.
His tenn as FDIC Ola.innan is scheduled to run through February 28, 1993.
"For the past 30 years I have worked with many people at the FDIC arrl I
have developed a deep respect for the mission of the agency arrl the dedication
of its employees," Mr. Taylor said. "I am honored that President Bush selected
ne to lead the effort to maintain a strong- deposit insurance system during- a
period of great change arrl competitive stress for the banking in:iustry. 11
A Ori.cage native, Mr. Taylor joined the Federal Reserve Bank of Ori.cage
as a bank examiner in 1961 after graduating- from Cornell College in Mount
Vernon, IC1.1Ja. In 1968, he joined Clri.cago's Upper Avenue Bank as Vice President
in charge of lendin:J. In 1972, he became Manager of the Ori.cage office of
James W. Rouse arrl Company, a real estate developrrent and nortgage banking
finn. Mr. Taylor returned to the Fed in 1976 as Clri.ef of Financial
Institutions SUpe:rvision in the Division of Banking SUpe:rvision arrl
Regulation. He became Assistant Division Director in 1977, Associate Director
in 1979, Director in 1985 and Staff Director in 1987. He also served in 1990
as Acting- President of the Resolution Trust Corporation oversight Board.
Mr. Taylor is married to the fonner Sharon Spaven. 'Ihey have three
children: Claire, Emily and William III.
# # #
FEDERAL DEPOSIT INSURANCE CORPORATION, 550 SeventNnth SL, N.W., Washington, D.C. 20429 • 202-898-6996
FlDUAL DlPDSIT INSURANCE COll'OUTION
FOR IMMEDIATE REI.FASE PR-159-91
WILLIAM TAYIDR BEO'.:MES FDIC aiAIRMAN
(10-25-91)
William Taylor tcrlay became the 15th Ola.innan of the Federal Deposit
Insurance Corporation. He succeeds L. William Seidman, whose six-year tenn as
Ola.innan expired October 16, 1991.
Mr. Taylor, 52, has spent nost of his professional career with the
Federal Reserve System. Prior to his appointment to the FDIC, Mr. Taylor was
staff Director of the Fed's Division of Banking SUpe:rvision arrl Regulation.
His tenn as FDIC Ola.innan is scheduled to run through February 28, 1993.
"For the past 30 years I have worked with many people at the FDIC arrl I
have developed a deep respect for the mission of the agency arrl the dedication
of its employees," Mr. Taylor said. "I am honored that President Bush selected
ne to lead the effort to maintain a strong- deposit insurance system during- a
period of great change arrl competitive stress for the banking in:iustry. 11
A Ori.cage native, Mr. Taylor joined the Federal Reserve Bank of Ori.cage
as a bank examiner in 1961 after graduating- from Cornell College in Mount
Vernon, IC1.1Ja. In 1968, he joined Clri.cago's Upper Avenue Bank as Vice President
in charge of lendin:J. In 1972, he became Manager of the Ori.cage office of
James W. Rouse arrl Company, a real estate developrrent and nortgage banking
finn. Mr. Taylor returned to the Fed in 1976 as Clri.ef of Financial
Institutions SUpe:rvision in the Division of Banking SUpe:rvision arrl
Regulation. He became Assistant Division Director in 1977, Associate Director
in 1979, Director in 1985 and Staff Director in 1987. He also served in 1990
as Acting- President of the Resolution Trust Corporation oversight Board.
Mr. Taylor is married to the fonner Sharon Spaven. 'Ihey have three
children: Claire, Emily and William III.
# # #
FEDERAL DEPOSIT INSURANCE CORPORATION, 550 SeventNnth SL, N.W., Washington, D.C. 20429 • 202-898-6996