Obama names FDIC's Curry to head Treasury committee

President Barack Obama has decided to nominate Thomas Curry as comptroller of the currency and Mary Miller to serve as undersecretary of domestic finance at the Treasury Department, according to a White House statement.

“I am proud to nominate such impressive men and women to these important roles, and I am grateful they have agreed to lend their considerable talents to this administration,” Obama said today in a statement announcing the selections of Curry and Miller among nominees for five posts.

Curry, a Federal Deposit Insurance Corp board member since 2004, would serve a five-year term as comptroller if confirmed by the Senate. He would continue to serve on the FDIC board as comptroller. Miller, assistant secretary for financial markets at Treasury since February 2010, also needs Senate approval. Obama’s choice of Curry follows lawmakers’ calls for new leadership at the Office of the Comptroller of the Currency after Acting Comptroller John Walsh questioned whether new rules might hurt banks. Senators including Democrats Jack Reed of Rhode Island and Sherrod Brown of Ohio sent letters urging Walsh’s ouster after the June 21 comments in a London speech.