REGULATION/LEGISLATION

Fed’s Daniel Tarullo announces resignation

Daniel K. Tarullo, a member of the Federal Reserve Board of Governors, is resigning, Mr. Tarullo announced in a brief letter to the White House on Friday.

Mr. Tarullo, who joined the board in January 2009, will leave in April, the Federal Reserve said in a statement. Chairwoman Janet Yellen in the statement praised Mr. Tarullo’s role leading the Fed’s efforts to “craft a new framework” to protect the financial system after the financial crisis. Mr. Tarullo chaired the board’s Committee on Supervision and Regulation, and the Financial Stability Board’s Standing Committee on Supervisory and Regulatory Cooperation.

“My colleagues and I will truly miss his deep expertise, impeccable judgment, wise insight and strategic counsel,” Ms. Yellen said.

Before joining the Federal Reserve, Mr. Tarullo taught law at Georgetown University Law Center and served in the Clinton administration.