WASHINGTON - Former Federal Reserve governor Martha Seger agreed to pay a $5,000 civil penalty after the U.S. Department of Justice investigated allegations that she violated federal conflict-of-interest laws.

In August, Ms. Seger agreed to an out-of-court settlement with federal law enforcement officials. The case resulted from a meeting that Ms. Seger set up and attended on behalf of Kroger Co. with Fed Governor John P. LaWare in 1991, five months after Ms. Seger left the central bank.

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.