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William Taylor, 53, Federal Deposit Insurance Corporation chairman and a former Chicagoan, died Aug. 20 in a Fairfax, Va. hospital. He had been confirmed as FDIC charman in October of last year. Survivors include his wife, Sharon; two daughters, Claire and Emily; and a son, William III. Services for Mr. Taylor will be at 11 a.m. Saturday in Fourth Presbyterian Church, Michigan Avenue at Delaware Place.