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28–558 PDF 2006

S. HRG. 109–464

[E R R A T A]

NOMINATIONS OF:

SHEILA BAIR, JAMES B. LOCKHART, III

DONALD L. KOHN, AND KATHLEEN L. CASEY

HEARING

BEFORE THE

COMMITTEE ON 

BANKING, HOUSING, AND URBAN AFFAIRS 

UNITED STATES SENATE

ONE HUNDRED NINTH CONGRESS

SECOND SESSION

ON

NOMINATIONS OF:

SHEILA BAIR, OF KANSAS, TO BE MEMBER AND CHAIRPERSON OF THE BOARD

OF DIRECTORS OF THE FEDERAL DEPOSIT INSURANCE CORPORATION

JAMES B. LOCKHART, III, OF CONNECTICUT, TO BE DIRECTOR OF

THE OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT

DONALD L. KOHN, OF PENNSYLVANIA, TO BE VICE CHAIRMAN OF

THE BOARD OF DIRECTORS OF THE FEDERAL RESERVE SYSTEM

KATHLEEN L. CASEY, OF VIRGINIA, TO BE A MEMBER OF

THE U.S. SECURITIES AND EXCHANGE COMMISSION

JUNE 8, 2006

Printed for the use of the Committee on Banking, Housing, and Urban Affairs

(

Available at: http://www.access.gpo.gov/congress/senate/senate05sh.html 

[E R R A T A]

S. HRG. 109–464

The above referenced publication was inadvertently printed with Ms. Sheila 

Bair’s name misspelled.

CONTENTS

THURSDAY, JUNE 8, 2006

Page

Opening statement of Chairman Shelby ................................................................ 1

Opening statements, comments, or prepared statements of: 

Senator Sarbanes .............................................................................................. 4

Senator Crapo ................................................................................................... 5

Senator Johnson ............................................................................................... 6

Prepared statement ................................................................................... 22

Senator Dole ...................................................................................................... 6

Senator Bunning ............................................................................................... 7

Senator Hagel ................................................................................................... 8

Senator Reed ..................................................................................................... 8

Senator Martinez .............................................................................................. 8

Senator Allard ................................................................................................... 23

NOMINEES 

Sheila Bair, of Kansas, to be Member and Chairperson of the Board of 

Directors of the Federal Deposit Insurance Corporation .................................. 9

Prepared statement .......................................................................................... 24

Biographical sketch of nominee ....................................................................... 25

Response to written questions of: 

Senator Shelby ........................................................................................... 66

Senator Bunning ....................................................................................... 67

James B. Lockhart, III, of Connecticut, to be Director of the Office of Federal 

Housing Enterprise Oversight ............................................................................ 11

Biographical sketch of nominee ....................................................................... 35

Response to written questions of Senator Bunning ....................................... 67

Donald L. Kohn, of Pennsylvania, to be Vice Chairman of the Board of 

Directors of the Federal Reserve System ........................................................... 12

Biographical sketch of nominee ....................................................................... 43

Response to written questions of Senator Bunning ....................................... 69

Kathleen L. Casey, of Virginia, to be a Member of the U.S. Securities and 

Exchange Commission ......................................................................................... 13

Biographical sketch of nominee ....................................................................... 57

ADDITIONAL MATERIAL SUPPLIED FOR THE RECORD

Statement of Bob Dole, a former U.S. Senator from the State of Kansas .......... 73

(III)