Martin Gruenberg, chairman of the Federal Deposit Insurance Corp. (FDIC), speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, Dec. 8, 2015.

Drew Angerer | Bloomberg | Getty Images
Martin Gruenberg, chairman of the Federal Deposit Insurance Corp. (FDIC), speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, Dec. 8, 2015.

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.

source”cnbc”