FDIC's chairman Gruenberg says intends to serve full term

November 29, 2016 10:51 AM EST

U.S. Federal Deposit Insurance Corporation Chairman Martin Gruenberg (L) and Treasury Secretary Jack Lew depart following a meeting of the Financial Stability Oversight Council at the Treasury Department in Washington October 6, 2014. REUTERS/Jonathan Ern

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WASHINGTON (Reuters) - Martin Gruenberg, the head of the Federal Deposit Insurance Corporation, said on Tuesday that he plans to serve his entire five-year term that ends in November 2017.

The FDIC insures customer deposits in the event of a bank failure.

(Reporting By Patrick Rucker; Editing by Chizu Nomiyama)

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