WASHINGTON — The Senate Banking Committee has scheduled a vote Tuesday on Thomas Hoenig to become vice chairman of the Federal Deposit Insurance Corp.

Hoenig, the former head of the Federal Reserve Bank of Kansas City and a frequent critic of Fed policies, was nominated by the Obama administration in October for the FDIC's No. 2 position. As vice chairman of the agency, he would succeed Martin Gruenberg, who is the nominee for FDIC chairman and is now running the agency on an acting basis.

If approved by the committee, Hoenig's nomination would move to the Senate floor. Lawmakers have indicated they could vote on Hoenig, Gruenberg and the comptroller of the currency nominee, Thomas Curry, as part of a package to be considered by the full Senate. All three would be given new terms on the FDIC's board of directors.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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