FDIC, FSOC nominees move on easily – not so much for Fed nominee Goodfriend

Nominations for the chairman of the Federal Deposit Insurance Corp. (FDIC) Board, a member of the Federal Reserve Board and the insurance representative for the Financial Stability Oversight Council (FSOC) were all approved Thursday by the Senate Banking Committee.

The nominations now head to the floor of the Senate for confirmation.

Jelena McWilliams, nominee for chairman of the FDIC Board, and Thomas E. Workman, to be the insurance representative on FSOC, were easily approved on voice vote.

Marvin Goodfriend, nominee for an open seat on the Federal Reserve Board of Governors, was approved narrowly, on a party line vote of 13-12.

Goodfriend may face additional resistance when his nomination reaches the Senate floor.

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