Leslie A. Woolley's upbringing was tougher than the average policy wonk's. As a youngster in Oklahoma, she learned to hunt quail with a 20-gauge shotgun, ride horses, and round up cattle.

"A lot of times, when things get bad, I think it can't be as bad as getting thrown off your horse and getting your breath knocked out," said Ms. Woolley, policy deputy to the chairman of the Federal Deposit Insurance Corp.

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.