October 10 2013
Thomas M. Hoenig, Vice Chairman of the FDIC, Confirmed as a Speaker for the HOPE Global Financial Dignity Summit in Atlanta
Vice Chairman of the Federal Deposit Insurance Corporation to further the conversation on financial dignity and “silver rights” on November 13 – 14, 2013
ATLANTA – October 9, 2013 – Operation HOPE, the leading global financial dignity non-profit, announced today that Thomas M. Hoenig, Vice Chairman of the Federal Deposit Insurance Corporation, has been confirmed as a speaker at the HOPE Global Financial Dignity Summit in Atlanta, November 13 -14, 2013.
In partnership with the City of Atlanta the two-day summit, Global Economic Recovery: How The Poor Can Help Save Capitalism, will frame the issue of financial inclusion, small business, entrepreneurship, jobs, and financial dignity as essential core ingredients to mid and long-term economic recovery and stability. It is expected to draw 1,000 of the most dynamic and influential financial industry professionals, government decision-makers and faith leader from more than 50 countries around the world.
Thomas M. Hoenig was confirmed by the Senate as Vice Chairman of the Federal Deposit Insurance Corporation on Nov. 15, 2012. He joined the FDIC on April 16, 2012, as a member of the FDIC Board of Directors for a six-year term. He is a member of the executive board of the International Association of Deposit Insurers.
Prior to serving on the FDIC board, Mr. Hoenig was the President of the Federal Reserve Bank of Kansas City and a member of the Federal Reserve System's Federal Open Market Committee from 1991 to 2011.
Mr. Hoenig was with the Federal Reserve for 38 years, beginning as an economist and then as a senior officer in banking supervision during the U.S. banking crisis of the 1980s. In 1986, he led the Kansas City Federal Reserve Bank's Division of Bank Supervision and Structure, directing the oversight of more than 1,000 banks and bank holding companies with assets ranging from less than $100 million to $20 billion. He became President of the Kansas City Federal Reserve Bank on October 1, 1991.
“This year’s Summit will be deeply enriched by the presence of Thomas Hoenig,” said John Hope Bryant, founder, chairman and CEO of Operation HOPE. “His perspective as a leader within the Federal Deposit Insurance Corporation (FDIC) will provide our attendees with invaluable insight around the role of responsible corporate citizenship to financial dignity and inclusion. We look forward to his insight around the intersection of entrepreneurship, cooperation and free trade as we use this forum to move forward our shared goals of global financial dignity and inclusion.”
The annual HOPE Summit will serve also as the staging area for the gathering of commitments for business role models, business internships, youth entrepreneurship business grants, and other commitments for action in underserved communities.
About Operation HOPE
Since 1992, Operation HOPE has promoted financial dignity through financial literacy and education tools to underserved communities. Through its three core portfolios, the organization has provided youth and adult financial literacy, economic preparedness, digital empowerment, promoted home ownership, and assisted with foreclosure prevention to more than two million individuals, families, and small business owners. Operation HOPE is driven by a “silver rights” mission fueled by vision and idealism, HOPE strives to empower the struggling middle class through financial literacy, dignity and capital enterprise.
To learn more about Operation HOPE and the Summit, visit www.operationhope.org, follow us our Twitter, @operationhope #HOPESummit, and like us on Facebook.