Tom Hoenig
Tom Hoenig is a Distinguished Senior Fellow at the Mercatus Center at George Mason University. He engages in research and comment on economics, money and banking, and related policy topics and provides economic outlook and related services to investment firms and businesses across the country. Hoenig has over 40 years of experience in economics, central banking, commercial bank supervision, and executive leadership. Previously, he served as Vice Chairman of The Federal Deposit Insurance Corporation and President and CEO of the Federal Reserve Bank of Kansas City. He led the Federal Reserve Bank of Kansas City during the Great Recession and the banking crisis of 2008 and 2009. He is a life-long advocate of market-based methods to allocating scarce resources and assuring strong and consistent economic growth.
Tom Hoenig Professional Experience / Academic History
Professional Experience
-
Distinguished Senior Fellow
-
Vice Chairman
-
President
-
Senior Banking Officer
As Vice Chairman, he oversaw FDIC operations and policy related to deposit insurance pricing, bank supervision, and financial stability and bank resolution.
He served as Chair of the FDIC’s Bank Appeals and Audit Committees, and served as Director of NeighborWorks America.
FEDERAL RESERVE BANK OF KANSAS CITY
Hoenig began his career at the Federal Reserve Bank of Kansas City in 1973 as an economist.
He was hailed President in 1991 and directed the oversight of more than one thousand banks and bank holding companies.
He was the first president to rise through the ranks of the organization. He became well known for his views on the "too big to fail" issue and his dissenting votes on the Federal Open Market Committee in 2010.
He organized and hosted the Federal Reserve Bank of Kansas City’s Jackson Hole economic symposium for global central Bankers.
During his tenure, he chaired several key committees, including the Conference of Presidents, the Committee on Bank Supervision, Regulation, and Legislation, and the Information Technology Oversight Committee.
His research focuses on the long-term impact of the politicalization of financial services, the effects of government-related privileges, and market performance.
He developed the Global Capital Index, a frequently cited comparison of the measurement of core Capital levels of the largest banking firm’s banks worldwide.
EDUCATION
B.A., Economics, Benedictine College
M.A., Economics, Iowa State University
Ph.D., Economics, Iowa State University
MEDIA & PUBLICATIONS
Hoenig has been featured or quoted in CNBC, American Banker, Fox Business, The Wall Street Journal, The Economic Times, and Real Vision, among others.