On July 23, 2018, Randal Quarles, current Vice Chairman for Supervision, was sworn in for his second term as a member of the Federal Reserve Board. Vice Chairman Quarles's term as Vice Chairman for Supervision ends in 2021, while his term as a member of the Federal Reserve Board ends in 2032.

The full text of the Federal Reserve Board press release is available at: https://www.federalreserve.gov/newsevents/pressreleases/other20180723a.htm.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.