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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release December 19, 1995

PRESIDENT NAMES GASTON L. GIANNI, JR. INSPECTOR GENERAL FOR THE

FEDERAL DEPOSIT INSURANCE CORPORATION

President Clinton announced today his intent to nominate Gaston L. Gianni, Jr. to be Inspector General for the Federal Deposit Insurance Corporation.

Gaston L. Gianni, Jr., has served as Assistant/Associate Director for Asset Management at the General Accounting Office, General Government Division since 1989. He has specific responsibilities for planning and executing reviews of the programs and activities of the Resolution Trust Corporation, as well as other agencies involving the management and disposition of assets acquired or seized by the federal government. In October 1994, Mr. Gianni assumed similar responsibilities for the General Services Administration, and in July 1995, he was named co-director for GAO's post assignment quality review system. From 1980 through 1988, Mr. Gianni was a supervisory evaluator with a wide variety of responsibilities and experiences. Mr. Gianni's positions during this time included Deputy Associate Director for the Administration of the Justice Issue Area, group director for the Human Resource Division's Department of Labor Employment and Training Audit Sites, and Issue Area Planning director for the Human Resource Division's former Employment Training Issue Area. Mr. Gianni received a B.S. degree in accounting from the College of Steubenville in Steubenville, Ohio, and subsequently attended American University, George Washington University, and Harvard's Kennedy School for Senior Executive Fellows.

The Inspector General (IG) of the Federal Deposit Insurance Corporation (FDIC) has audit and investigative responsibility for corporation and receivership programs and operations at the FDIC. The IG assists the Board of Directors and management with their responsibilities and performs and reports on audits and investigations. The IG reviews existing and proposed legislation, and also reviews regulations impacting on the economy and efficiency in the administration of the programs and operations. The IG has primary responsibility for the prevention and detection of fraud and abuse in such programs and operations. The IG also coordinates relationships among the FDIC and other federal, state and local government agencies and nongovernmental entities with respect to the identification and prosecution of cases of fraud or abuse.

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