Daniel K. Tarullo will resign as a member of the Board of Governors of the Federal Reserve System, effective on or around April 5, the Fed announced Friday.
Tarullo, 64, has been a board member since Jan. 28, 2009, and his term ends on Jan. 31, 2022.
In his resignation letter — which consists of two sentences — Tarullo said simply that it had been a privilege to serve on the board.
"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," Chair Janet L. Yellen said in a statement. "My colleagues and I will truly miss his deep expertise, impeccable judgment, wise insight, and strategic counsel."
