Influential Fed Supervision Official Takes Voluntary Resignation

Michael Gibson, director of the Federal Reserve’s supervision and regulation division, has accepted the agency’s voluntary resignation offer and plans to leave this month after more than three decades at the central bank, according to an internal email viewed by Bloomberg.

Gibson, who joined the Fed as an economist in 1992, rose within the agency ranks under former Fed Governor Daniel Tarullo following the 2008 global financial crisis.

Director of the Federal Reserve’s supervision and regulation division Michael Gibson

Photographer: Andrew Harrer/Bloomberg

Bloomberg first reported in May that he would retire, but many of the details weren’t provided. He is departing just after Michelle Bowman became the Fed’s vice chair for ...