31:
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38 years of total service to the
Federal Reserve. On April 16, 2012, Hoenig was sworn in as vice chairman and member of the board of directors of the Federal Deposit Insurance Corporation. On April 27, 2018, Hoenig announced that he was stepping down from his role effective April 30, 2018. On May 13, 2019, he joined the Mercatus Center as a Distinguished Senior Fellow.
263:
On March 25, 2011, Hoenig announced his intent to retire on
October 1, 2011, as required under the Federal Reserve Board's mandatory retirement rules for Federal Reserve Bank Presidents. The retirement marks 20 years as president for Hoenig whose first day as Bank president was October 1, 1991, and
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Hoenig joined the
Federal Reserve Bank of Kansas City in 1973 as an economist in the banking supervision area. He was named a vice president in 1981 and senior vice president in 1986.
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calling it "...a dangerous gamble." He also stated, "There may be ways to accelerate GDP growth, but, in my view, highly expansionary monetary policy is not a good option."
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According to Fed salary figures released for 2010, Hoenig earned $ 374,400 per year, in the mid-range for the twelve regional bank chairs and considerably more than
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on April 16, 2012, and served as vice chairman from
November 30, 2012 to April 30, 2018. From 1991 to 2011, he served as the eighth chief executive of the
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Has Failed' critical of the approach taken to the capitalization and liquidity crises and suggesting alternate approaches.
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486:"Thomas M. Hoenig Steps Down as US Federal Deposit Insurance Corporation Vice Chairman - Strategy - United States"
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http://seekingalpha.com/news-article/461874-hoenig-on-being-the-fed-s-lone-dissenter-i-hope-i-m-wrong
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http://www.kansascityfed.com/publicat/newsroom/2011pdf/press-release-retirement-3-25-11.pdf
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500:"Former FDIC Vice Chairman, KC Fed President Hoenig Joins Mercatus | Mercatus Center"
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183:, United States. In 2010, he was serving as a voting member of the
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On March 6, 2009, Hoenig presented a widely noted speech entitled '
283:, Hoenig criticized the then current Federal Reserve action of a
167:(born September 6, 1946) is a Distinguished Senior Fellow at the
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and lectured on the U.S. banking and regulatory system for the
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chair Ben
Bernanke ($ 199,700), whose pay is limited by law.
306:"Hoenig Stirs Debate on Bank Failures as Fed Forum Convenes"
203:, where his father owned a plumbing business. He was raised
380:"Fed's Hoenig warns on bank debts, exit strategy: report"
248:. Dr. Hoenig is a member of the Board of Trustees of the
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and attended
Catholic schools. Hoenig earned a B.A. in
240:He has served as an instructor of economics at the
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93:
88:
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223:, and M.A. and Ph.D. degrees in economics from
693:Federal Reserve Bank of Kansas City presidents
355:"FDIC: Board of Directors - Thomas M. Hoenig"
341:"FDIC: Press Releases - PR-40-2012 4/16/2012"
8:
434:"FRB: Reserve Bank Presidents - Kansas City"
635:
400:. BusinessWeek. 2010-09-23. Archived from
56:October 1, 1991 – October 1, 2011
29:
18:
279:Again on August 13, 2010, in a speech in
252:and serves on the boards of directors of
296:
622:Speeches by President Thomas M. Hoenig
173:Federal Deposit Insurance Corporation
7:
655:Federal Reserve Bank of Kansas City
456:"Local Fed Chiefs Outearn Bernanke"
177:Tenth District Federal Reserve Bank
44:Federal Reserve Bank of Kansas City
524:Felsenthal, Mark (March 6, 2009).
242:University of Missouri-Kansas City
14:
215:from St. Benedict's College (now
688:21st-century American economists
250:Ewing Marion Kauffman Foundation
718:Trump administration personnel
713:Obama administration personnel
708:People from Fort Madison, Iowa
454:Reddy, Sudeep (May 25, 2010),
171:. He became a director of the
1:
185:Federal Open Market Committee
378:Bull, Alister (2009-03-24).
304:Lanman, Scott (2009-08-20).
734:
698:Federal Reserve economists
254:Midwest Research Institute
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612:Federal Reserve biography
607:Kansas City Fed biography
398:"Thomas Hoenig Is Fed Up"
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246:People's Bank of China
225:Iowa State University
165:Thomas Michael Hoenig
144:Iowa State University
98:Thomas Michael Hoenig
547:"Too Big Has Failed"
436:. Federalreserve.gov
461:Wall Street Journal
217:Benedictine College
199:Hoenig was born in
135:Benedictine College
617:Too Big Has Failed
201:Fort Madison, Iowa
114:Fort Madison, Iowa
16:American economist
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662:Succeeded by
653:President of the
281:Lincoln, Nebraska
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108:September 6, 1946
42:President of the
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221:Atchison, Kansas
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327:"Thomas Hoenig"
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195:Life and career
169:Mercatus Center
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121:Political party
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67:J. Roger Guffey
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602:FDIC biography
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580:. Marketwatch
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578:"Marketwatch"
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559:on 2011-11-18
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582:. Retrieved
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508:. Retrieved
504:the original
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438:. Retrieved
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402:the original
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362:. Retrieved
359:www.fdic.gov
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310:. Retrieved
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74:Succeeded by
51:
683:1946 births
627:Appearances
308:. Bloomberg
213:mathematics
181:Kansas City
125:Independent
62:Preceded by
677:Categories
659:1991–2011
584:2011-11-16
563:2011-11-16
532:2011-11-16
510:2022-01-07
440:2011-11-16
408:2011-11-16
364:2018-08-17
312:2011-11-16
291:References
104:1946-09-06
23:Tom Hoenig
528:. Reuters
526:"Reuters"
209:economics
131:Education
52:In office
205:Catholic
384:Reuters
274:Too Big
191:hawk".
631:C-SPAN
116:, U.S.
557:(PDF)
550:(PDF)
179:, in
256:and
211:and
94:Born
629:on
235:Fed
219:),
152:PhD
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148:MA
139:BA
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
