WASHINGTON-Rich Spillenkothen, an institution at the Federal Reserve Board, has announced he will retire as of June 30. Spillenkothen has spent 30 years at the Fed, 15 of those as director of the Division of Banking Supervision and Regulation. "During Rich's tenure, the Federal Reserve's approach to banking supervision has evolved significantly. His leadership in the supervision of risk management and capital adequacy form a sound basis for the future work of financial supervisors everywhere," Fed Chairman Ben Bernanke said. Spillenkothen represents the Federal Reserve on domestic interagency policy and coordination committees, including the Federal Financial Institutions Examination Council's Supervision Task Force.

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