Former ABA Chairman Duke confirmed for Fed seat

摘要

After having her nomination kept on hold for more than a year, Elizabeth A. Duke, chief operating officer of TowneBank, Suffolk, Va., and 2004-5 chairman of the ABA, was confirmed by the Senate June 27 to fill out one of several vacant seats on the Federal Reserve Board. As of mid-July, she was expected to report for work in Washington as soon as her affairs could be put in order. The remainder of the term she fills out runs till 2012. She will be the only banker on the Board of Governors.