WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced the 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) on May 31, 2025, following a distinguished 39-year career at the agency.

The FDIC Board of Directors appointed Mr. Murton as Deputy to the Chairman for Financial Stability in October 2019. In that role, he advised FDIC Chairmen and Board members on key policy issues affecting the FDIC and the banking system. Mr. Murton was also named Director of CISR in October 2023, where he oversaw the FDIC’s responsibilities related to systemically important financial institutions and insured depository institutions with assets above $100 billion. Mr. Murton held several other leadership roles at the agency over his career, including as Director of the Division of Insurance, the Division of Insurance and Research, and the Office of Complex Financial Institutions. 

“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.”

Mr. Murton joined the FDIC in January 1986 as a financial economist in the former Division of Research and Statistics. His time at the agency spanned the banking crises of the 1980s, the 2008 global financial crisis, and the regional bank failures in the spring of 2023. In each of these, Mr. Murton played a significant role in handling bank failures and in maintaining the liquidity and solvency of the Deposit Insurance Fund (DIF). Additionally, during the global financial crisis, he led the design and implementation of the Temporary Liquidity Guaranty Program. 

Mr. Murton also helped shape the reforms that followed these crises. For example, following the 1980s, the FDIC established a risk-based premium system to maintain the adequacy of the DIF. Following the 2008 crisis, the FDIC began requiring the largest banks to develop resolution plans and establishing tools to resolve the largest financial firms in an orderly way without taxpayer funds. Mr. Murton was instrumental in the implementation of these and other reforms.

Mr. Murton also helped to establish the International Association of Deposit Insurers and was the FDIC’s first representative to that group. 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.

Mr. Murton holds a Bachelor of Economics degree from Duke University, and a Ph.D. in Economics from the University of Virginia.

###