M. Danny Wall (b. August 30, 1939) is an American civil servant who served as the chairman of the

Federal Home Loan Bank Board The Federal Home Loan Bank Board (FHLBB) was a U.S. board created by the Federal Home Loan Bank Act in 1932 that governed the Federal Home Loan Banks (FHLB or FHLBanks), also created by the act; the Federal Savings and Loan Insurance Corporatio ...

(FHLBB), the federal regulator for savings and loan associations. After FHLBB's abolition by the

Financial Institutions Reform, Recovery, and Enforcement Act of 1989 The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), is a United States federal law enacted in the wake of the savings and loan crisis of the 1980s. It established the Resolution Trust Corporation to close hundreds ...

(FIRREA), he became the first director of the

Office of Thrift Supervision The Office of Thrift Supervision (OTS) was a List of federal agencies in the United States, United States federal agency under the United States Department of the Treasury, Department of the Treasury that chartered, supervised, and regulated al ...

. He assumed the FHLBB chairmanship on July 1, 1989, after appointment by

Ronald Reagan Ronald Wilson Reagan (February 6, 1911 – June 5, 2004) was an American politician and actor who served as the 40th president of the United States from 1981 to 1989. He was a member of the Republican Party (United States), Republican Party a ...

, in place of Edwin J. Gray, whose term expired. Prior to his appointment, he had been on the staff of the

Senate Committee on Banking, Housing, and Urban Affairs The United States Senate Committee on Banking, Housing, and Urban Affairs (formerly the Committee on Banking and Currency), also known as the Senate Banking Committee, has jurisdiction over matters related to banks and banking, price controls, ...

. He led FHLBB during the

savings and loan crisis The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of approximately a third of the savings and loan associations (S&Ls or thrifts) in the United States between 1986 and 1995. These thrifts were b ...

. The passage of FIRREA on August 9, 1989, saw him automatically become the directorship of the Office of Thrift Supervision, the successor regulatory agency to FHLBB. He had no background in finance and, due to his consistently over-optimistic characterisation of the crisis, lost credibility with Congress. Amid criticism for prior failure to rein in unsafe savings and loan business practices, he resigned on December 5, 1989.

References

Living people Reagan administration personnel George H. W. Bush administration personnel Place of birth missing (living people) Date of birth missing (living people) {{US-gov-bio-stub