This database was last updated in October 2019 and should only be used as a historical snapshot. There may be new information that is not included here.
Jelena McWilliams
Federal Deposit Insurance Corporation
Chairman | Financial Disclosure »
Bio, via University of California Berkley:
Jelena McWilliams, a Yugoslavian immigrant with degrees from UC Berkeley, has been nominated to lead the Federal Deposit Insurance Corporation, which regulates the nation’s banking system. She arrived in the United States on July 29,1991, her 18th birthday, and proceeded to earn a B.A. with highest honors in political science and mass communications from UC Berkeley in 1999. She earned a J.D. at Berkeley Law three years later. McWilliams practiced corporate transaction law in the private sector for almost five years, and in 2007 joined the Federal Reserve Board of Governors as an attorney, focusing on consumer financial services and regulation. After three years, she became assistant chief counsel for the Republican-led Senate Small Business Committee, before moving to the Senate Banking Committee as senior counsel. Most recently, McWilliams has served as the chief legal officer of Cincinnati-based Fifth Third Bancorp. As a U.S. Senate staffer, McWilliams is said to have carried around an annotated copy of the Dodd-Frank Wall Street Reform and Consumer Protection Act bound in a small book. Admired for her encyclopedic knowledge of banking law and her openness to differing opinions, she is described by a former Democratic staff director on the Senate Banking Committee as “someone you could disagree with, without her being disagreeable.”
Former Positions Outside Government
- Fifth Third Bank Executive Vice President, Chief Legal Officer and Corporate Secretary
Former Compensation Sources
- Fifth Third Bank Executive Vice President, Chief Legal Officer and Board Secretary
Employment Assets
Description | Value | Income |
---|---|---|
Fifth Third Bank | $182,500 | |
Firth Third Bank | $300,000 | |
Unvested Fifth Third Bancorp - Common Stock | $50,001 - $100,000 | None (or less than $201) |
Fifth Third Bancorp 401(k) Savings Plan | ||
JPMCB Smart Retirement DRW 2040 CF | $1,001 - $15,000 | None (or less than $201) |
Lazard/Wilmington Emerging Markets B | $1,001 - $15,000 | None (or less than $201) |
Victory Small Cap Value Collective 75 | $1,001 - $15,000 | None (or less than $201) |
American Century US Mid Cap Value Eq Tr | $1,001 - $15,000 | None (or less than $201) |
State Street Global Advisors S&P MidCap Index Fund - Class C | $1,001 - $15,000 | None (or less than $201) |
State Street Global Advisors Russell Large Cap Val Idx NL Ser C | $1,001 - $15,000 | None (or less than $201) |
Unvested Fifth Third Restricted Stock Units | $50,001 - $100,000 | $1,001 - $2,500 |
Unvested Fifth Third Stock Appreciation Rights | $1,001 - $15,000 | None (or less than $201) |
Fifth Third Bank 2017 Anticipated Year End Bonus | $250,001 - $500,000 | None (or less than $201) |
Other Income/Assets
Description | Value | Income |
---|---|---|
U.S. (domestic) bank savings accounts | $1,001 - $15,000 | None (or less than $201) |
U.S. (domestic) bank checking accounts | $50,001 - $100,000 | None (or less than $201) |
Utah 529 Plan | ||
Customized Age-based Account | $15,001 - $50,000 | None (or less than $201) |
Employment Agreements and Arrangements
Employer or Party | City, State | Status and Terms | Date |
---|---|---|---|
Fifth Third Bank (401(k)) | Cincinnati, Ohio | I will not participate in this defined contribution plan after my separation. Neither I nor the plan sponsor will make further contributions after my separation. | Jan. 16, 2017 |
Fifth Third Unvested Restricted Stock Units | Cincinnati, Ohio | Pursuant to the company's executive compensation plan, one-third of my unvested restricted stock units (RSUs) will vest in February 2018 and will be paid in cash if I resign on or after February 3, 2018. I will forfeit my interest in any unvested restricted stock units. | Jan. 16, 2017 |
Fifth Third Unvested Stock Appreciation Rights | Cincinnati, Ohio | Pursuant to the company's executive compensation plan, one-third of my unvested stock appreciation rights will vest in February 2018 and will be paid in cash if I resign on or after February 3, 2018. I will forfeit my interest in any unvested stock appreciation rights. | Jan. 16, 2017 |
Fifth Third Bank Unvested Common Stock | Cincinnati, Ohio | I will forfeit my interest in any unvested common stock. | Jan. 16, 2017 |
Fifth Third Bank 2017 Anticipated Year End Bonus | Cincinnati, Ohio | I will receive a bonus for the work I performed during calendar year 2017. Fifth Third Bank will use an objective formula to calculate this bonus. If I am confirmed before the end of the calendar year on December 31, 2017, Fifth Third Bank, will pay me a pro rata share of my bonus that covers only the period of calendar year 2017 prior to my resignation. | Jan. 16, 2017 |
Liabilities
Creditor Name | Creditor Type | Amount | Rate | Year Incurred |
---|---|---|---|---|
Wells Fargo | Mortgage on Personal Residence | $500,001 - $1,000,000 | 3.5 | 2014 |
Fifth Third Bank (2.99% interest rate is valid until April 1, 2024, at which point the interest rate will adjust based on the market conditions) | Mortgage on Personal Residence | $500,001 - $1,000,000 | 2.99 | 2017 |
Fifth Third Bank (This is a Home Equity Line of Credit that has a variable rate) | Exercised Line of Credit | $50,001 - $100,000 | 5.99 | 2017 |
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