Walter J. Cummings (1879-1967), gets the first Chairman of one’s FDIC and you will suits up to February 1, 1934. A native off Illinois, Cummings joined banking since a beneficial clerk during the many years 18 but turned someone when you look at the a railroad products company and soon after arranged the new Cummings Vehicle and you may Advisor Providers. He was titled manager assistant towards Assistant of Treasury in February 1933. (more…)