Fed's Spillenkothen to retire

Rich Spillenkothen, the director of the Division of Banking Supervision and Regulation, will retire on June 30 after thirty years of service with the Federal Reserve Board, including nearly fifteen years as the director of the division.

"Rich has led the Board's supervision program during periods of unparalleled growth, innovation, deregulation, and consolidation in the American banking system, as well as through a number of financial system and banking shocks," said Federal Reserve Board Chai