How many members are on the Board of Directors of the FDIC?

The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) is composed of five members. This structure is designed to ensure a balance of expertise and perspectives in overseeing the corporation's activities, which include managing the insurance fund, regulating and supervising financial institutions, and maintaining stability in the banking system. The members are appointed by the President of the United States, and confirmation is required from the Senate, which helps ensure that diverse viewpoints are represented on the board.

The size of the board has been established to facilitate effective decision-making while ensuring that a range of interests and expertise are considered in the regulatory process. A board consisting of five members strikes a balance between having enough members for diverse input and remaining small enough for efficient discussion and decision-making. The other options reflect incorrect counts of board members and do not align with the current structure of the FDIC.