NEW YORK — With Timothy Geithner nominated to move to the new administration as Treasury chief, there's speculation over who will take over the top job at the New York Federal Reserve at a time of considerable peril for the financial system.

Geithner and the bank he heads have played an unusually prominent role over the last year, serving in the front lines of government efforts to save Wall Street. The stakes for a new face at the most important regional Fed bank are high: his successor — there's little clarity who that may be yet — will take office as the crisis continues to burn.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.