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Key Fed Official to Leave

A long-time Federal Reserve Board official announced his retirement, effective August 1.

Roger Cole, director of the Division of Banking Supervision and Regulation, at the Federal Reserve is calling it quits after 30 years of service.

Cole currently represents the Board on domestic interagency policy and coordination committees, including the Federal Financial Institutions Examination Council's Supervision Task Force, and on the Basel Committee on Banking Supervision.

"I am grateful to Roger for his distinguished service during this challenging time in our nation's economic and financial history," Federal Reserve Board Chairman Ben Bernanke said. "The Federal Reserve has benefited from Roger’s expertise on risk-management practices, international banking standards, and other important issues throughout his long career."

Over the course of his career with the Fed, Cole has also served as a senior financial analyst, associate director and senior associate director. Before joining the Board, Cole was a financial analyst at the Federal Reserve Bank of Boston and worked at the Wyatt Company.

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