 Thomas M. Hoenig (Hawn-ig) is president and chief executive officer of the Federal Reserve Bank of Kansas City. The Bank is one of 12 regional Banks in the Federal Reserve System, with responsibilities that include participating in setting national monetary policy, supervising and regulating commercial banks and bank holding companies, serving as the bank for the U.S. Government and for commercial banks, and providing other payments services to depository institutions.
Mr. Hoenig directs Federal Reserve activities in the Tenth Federal Reserve District -- an area that includes Colorado, Kansas, Nebraska, Oklahoma, Wyoming, the northern half of New Mexico, and the western third of Missouri. He is also a member of the Federal Reserve System's Open Market Committee, the key body with authority over monetary policy.
Mr. Hoenig received his doctorate in Economics from Iowa State University. He joined the Federal Reserve Bank in 1973 as an economist and was a senior officer in banking supervision during the banking crisis of the 1980s. He assumed the role of president on Oct. 1, 1991.
He is a member of the Board of Trustees of the Ewing Marion Kauffman Foundation and serves on the boards of directors of Midwest Research Institute and Union Station.
May 2008
Resolution Process for Financial Companies that Pose Systemic Risk To the Financial System and Overall Economy (September 14, 2009)
Federal Reserve Bank of Kansas City President Thomas M. Hoenig has been a strong proponent of addressing the issue of so-called "too-big-to-fail" financial firms by establishing a legal process that is consistent to firms of all sizes and holds those responsible for the firms condition accountable for its performance. The Federal Reserve Bank of Kansas City has prepared this document explaining exactly how that process could work.
Recent Speeches
- Importance of the Federal Reserve as an Operator in the Retail Payments System (October 29, 2009)
- Regulatory Reform and the Economy: We Can Do Better (October 6, 2009)
- Leverage and Debt: The Impact of Today's Choices on Tomorrow (August 6, 2009)
- Capitalism and the Process of Renewal (June 30, 2009)
- An Economy at Risk: The Tough Decisions Ahead (June 3 2009)
- The Future of Retail Banking and Payments—Developments in Global Markets: The Role of Central Banks (May 25, 2009)
- Crisis Management and the Long Run (May 4, 2009)
- Testimony before the Joint Economic Committee of the U.S. Congress (April 21, 2009)
- Written Statement to the Joint Economic Committee of the U.S. Congress (April 21, 2009)
- Innovative Responses to the Financial Crisis (April 17, 2009)
- Success Depends on Failure (April 9, 2009)
- Crisis: Reaction and Resolution (April 2, 2009)
- Too Big Has Failed (March 6, 2009)
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