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From Banking and Finance Law Daily, February 10, 2017

Daniel Tarullo to leave Fed

By John M. Pachkowski, J.D.

The Federal Reserve Board has announced that Daniel K. Tarullo has submitted his resignation as a member of the Federal Reserve Board, effective on or around April 5, 2017. He has been a member of the Board since Jan. 28, 2009.

Tarullo was appointed to the Board by President Obama for an unexpired term ending Jan. 31, 2022. During his tenure at the Fed, he served as Chairman of the Board’s Committee on Supervision and Regulation. He was also Chairman of the Financial Stability Board’s Standing Committee on Supervisory and Regulatory Cooperation.

In his resignation letter to the president, Tarullo stated, "It has been a great privilege to work with former Chairman Bernanke and Chair Yellen during such a challenging period for the nation’s economy and financial system."

Commenting on the resignation, Fed Chair Janet L. Yellen said, "Dan led the Fed’s work to craft a new framework for ensuring the safety and soundness of our financial system following the financial crisis and made invaluable contributions across the entire range of the Fed’s responsibilities. My colleagues and I will truly miss his deep expertise, impeccable judgment, wise insight, and strategic counsel."

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