November 29, 2016 / 3:53 PM / in a year

FDIC's chairman Gruenberg says intends to serve full term

WASHINGTON (Reuters) - Martin Gruenberg, the head of the Federal Deposit Insurance Corporation, said on Tuesday that he plans to serve his entire five-year term that ends in November 2017.

U.S. Federal Deposit Insurance Corporation Chairman Martin Gruenberg (L) and Treasury Secretary Jack Lew depart following a meeting of the Financial Stability Oversight Council at the Treasury Department in Washington October 6, 2014. REUTERS/Jonathan Ernst

The FDIC insures customer deposits in the event of a bank failure.

Reporting By Patrick Rucker; Editing by Chizu Nomiyama

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