Release Date: June 11, 2009
For immediate release
Roger T. Cole, the director of the Division of Banking Supervision and Regulation, will retire on August 1 after 30 years of service to the Federal Reserve Board.
"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 S. Bernanke said. "The Federal Reserve has benefited from Rogerís expertise on risk-management practices, international banking standards, and other important issues throughout his long career."
Cole has served as division director since September 2006. He joined the Board's staff in 1979 as a senior financial analyst. He was appointed to the Board's official staff in 1988 and was promoted to associate director in 1997 and senior associate director in 2001. Before joining the Board, Cole was a financial analyst at the Federal Reserve Bank of Boston and also worked at the Wyatt Company.
Cole is the senior Board official with responsibility for banking supervision and regulation. The director 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.