OTHER NEWS - Oct. 19, 1991
New FDIC Chief OK’D by Senate Panel: The Senate Banking Committee unanimously approved William Taylor, a tough-minded veteran regulator, as the new chairman of the Federal Deposit Insurance Corp. The committee voted 21-0 for Taylor, 52, who now is director of banking supervision at the Federal Reserve Board. The appointment by President Bush, which must be confirmed by the full Senate, places Taylor on the front line of the nation’s banking crisis. Taylor would replace the popular, blunt-spoken L. William Seidman, who retired Wednesday.
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