Federal Deposit Insurance Corp. Chairman Donna A. Tanoue is worth between $1 million and $2.4 million, according to her financial disclosure report.
Ms. Tanoue, a Honolulu-based lawyer and former Hawaii banking commissioner, last year earned more than $120,000, including $113,000 as a partner with Goodsill Anderson Quinn & Stifel law firm. The 44-year-old will earn $126,000 a year as FDIC chairman.
Her largest holding is a family-owned commercial real estate property in Honolulu, the Park Center Building. Her share in that property is valued at $500,000 to $1 million. According to the FDIC, Ms. Tanoue is divesting her share in the building.
Other assets held by Ms. Tanoue include common stock-mostly in telecommunications companies-interest-bearing accounts, including retirement funds, and an irrevocable residential real estate trust worth between $250,000 and $500,000.
These figures exclude assets held solely by Ms. Tanoue's husband, Kirk Caldwell, or their daughter, but include assets held jointly by the couple.
As a Goodsill Anderson attorney, Ms. Tanoue provided legal services to Bank of Hawaii, where she holds between $15,000 and $50,000 in an interest- bearing account. At its holding company, Pacific Century Investment Services, she has between $115,000 and $300,000 in interest-bearing accounts.
She and her husband also held between $2,000 and $30,000 in Pacific Century common stock before her appointment to the FDIC, but federal law required them to divest it. Ms. Tanoue, who was sworn in May 26, has recused herself from any regulatory dealings with Bank of Hawaii for one year.
She has also recused herself from decisions involving American Resort Development Association; American Savings Bank or its parent; Hawaiian Electric Industries; MC&A Inc.; Primeco Personal Communications; Long-Term Credit Bank of Japan; Salomon Smith Barney; Yarmouth Group, and her former law firm.
To preempt potential conflicts of interest, presidential appointees are required to file a financial statement when appointed, a new one each calendar year while in office, and one upon exiting their position. For privacy's sake, appointees do not have to list exact amounts of income and assets, and instead use a range of dollar amounts.
