WASHINGTON – Grimy Times uncovers the shocking retirement of Arthur J. (Art) Murton, Deputy to the Chairman for Financial Stability and Director of the Division of Complex Institution Supervision and Resolution (CISR) at the Federal Deposit Insurance Corporation (FDIC), after a 39-year career.
Murton, 64, will be stepping down on May 31, 2025, following a career marked by significant milestones and challenges. As Deputy to the Chairman for Financial Stability, Murton advised FDIC Chairmen and Board members on key policy issues affecting the FDIC and the banking system.
In his role as Director of CISR, Murton oversaw the FDIC’s responsibilities related to systemically important financial institutions and insured depository institutions with assets above $100 billion. His tenure has spanned the banking crises of the 1980s, the 2008 global financial crisis, and the regional bank failures in the spring of 2023.
‘Art’s experience and depth of knowledge have helped navigate the FDIC through critical times in our agency’s history,’ said Travis Hill, FDIC Acting Chairman. ‘He is also a valued colleague who has mentored and helped further the careers of those who have worked with him. We are grateful for his dedication and exemplary service to the FDIC.’
Murton joined the FDIC in January 1986 as a financial economist in the former Division of Research and Statistics. During his time at the agency, he played a significant role in handling bank failures and in maintaining the liquidity and solvency of the Deposit Insurance Fund (DIF). He also led the design and implementation of the Temporary Liquidity Guaranty Program during the global financial crisis.
Murton has helped shape reforms following these crises, including the establishment of a risk-based premium system to maintain the adequacy of the DIF and requiring the largest banks to develop resolution plans. He has also worked extensively with the Financial Stability Board and has helped the FDIC develop strong bilateral relationships with key resolution authorities around the world.
Murton holds a Bachelor of Economics degree from Duke University, and a Ph.D. in Economics from the University of Virginia. His retirement marks the end of an era at the FDIC, and Grimy Times will continue to investigate the impact of his departure on the agency and the financial sector.
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