Martin Gruenberg

Acting Chairman

FDIC

Martin J. Gruenberg has served on the FDIC Board of Directors since August 22, 2005. As Vice Chairman of the Board, he assumed the role of Acting Chairman on July 8, 2011, upon Sheila C. Bair's departure as FDIC Chairman. He previously served as Acting Chairman from November 15, 2005 to June 26, 2006.

Mr. Gruenberg joined the FDIC Board after broad congressional experience in the financial services and regulatory areas. He served as Senior Counsel to Senator Paul S. Sarbanes (D-MD) on the staff of the Senate Committee on Banking, Housing, and Urban Affairs from 1993 to 2005. Mr. Gruenberg advised the Senator on issues of domestic and international financial regulation, monetary policy and trade. He also served as Staff Director of the Banking Committee's Subcommittee on International Finance and Monetary Policy from 1987 to 1992. Major legislation in which Mr. Gruenberg played an active role during his service on the Committee includes the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA); the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA); the Gramm-Leach-Bliley Act; and the Sarbanes-Oxley Act of 2002.

Since November 2, 2007 Mr. Gruenberg has also served as Chairman of the Executive Council and President of the International Association of Deposit Insurers (IADI).

Mr. Gruenberg holds a J.D. from Case Western Reserve Law School and an A.B. from Princeton University, Woodrow Wilson School of Public and International Affairs.