commissioner who was nominated in July to a seat on the Federal Deposit Insurance Corp. board. A Senate vote on his appointment has been stalled by budget fights between Congress and the Clinton administration, as well as by the end-of- year crush of legislation. In fact, no nominations have been considered in more than three weeks because of the workload, said a Senate staffer. The Senate Banking Committee voted unanimously in favor of Mr. Neely's nomination on Oct. 26, but no date has been set for a full Senate vote. Still, once the Senate gets around to considering it, Mr. Neely's appointment is expected to meet with little opposition, said a spokeswoman for Senate Majority Whip Trent Lott. The Republican from Mississippi is a strong supporter of Mr. Neely.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.