Nomination of William Taylor To Be a Member and Chairperson of the Board of Directors of the Federal Deposit Insurance Corporation

The President today announced his intention to nominate William Taylor, of Illinois, to be a member and Chairperson of the Board of Directors of the Federal Deposit Insurance Corporation for a term expiring February 28, 1993. He would succeed L. William Seidman.

Currently Mr. Taylor serves as staff director of the Division of Banking Supervision and Regulation at the Board of Governors of the Federal Reserve Bank in Washington, DC. He served as a bank examiner with the Federal Reserve Bank in Chicago, IL, 1961 - 1968; and as vice president in charge of lending with the Upper Avenue Bank in Chicago, IL, 1968 - 1972. From 1972 to 1976, he served as vice president and manager of James W. Rouse and Co., a real estate development and banking firm in Chicago, IL.

Mr. Taylor graduated from Cornell College (B.A., 1961). He was born June 24, 1939, in Chicago, IL. Mr. Taylor is married, has three children, and resides in Oakton, VA.