John Walsh was appointed Acting Comptroller of the Currency on August 15, 2010. In this position he serves as director of the Federal Deposit Insurance Corporation (FDIC) and chief executive of the Office of Comptroller of the Currency (OCC), overseeing about two-thirds of commercial banking assets in the United States.
Walsh graduated from the University of Notre Dame in 1973. Trained to be an aerospace mechanical engineer, and graduating magna cum laude, he was offered a job with Bell Labs. Instead, he joined the
Peace Corps, teaching high school in Ghana
for two years. He returned to school and earned his master’s degree in Public Policy from the Kennedy School of Government at Harvard University in 1978. Walsh worked with the Mutual Broadcasting System, and then spent six years at the
Office of Management and Budget as an International Program Analyst.
Walsh also served as Treasurer of the Baraka School, which brought students in
Kenya into contact with inner-city youth in the U.S. The program was the focus of the 2005 documentary film,
The Boys of Baraka. Unfortunately, the school itself was closed in 2003 after a terrorist attack in Mombassa drove the school’s insurance costs too cost.
While working for the Senate Banking Committee, Walsh became friends with
John Dugan, the counsel for the Republican members. Years later, when Dugan became Comptroller of the Currency in 2005, he chose Walsh to be his chief of staff. After Dugan completed his five-year term, Walsh moved up to acting comptroller.