Elizabeth "Betsy" Duke, who has been nominated for a seat on the Federal Reserve Board of Governors, listed major holdings of a previous employer, Wachovia Corp., in financial disclosure forms filed in conjunction with the nomination.
In the forms, which the Office of Government Ethics released Friday, Ms. Duke reported holding Wachovia stock valued at between $5,000,001 and $25 million, as well as Wachovia stock options.
Ms. Duke is the chief operating officer of TowneBank of Portsmouth, Va., which she joined in October 2005. Before that she had been an executive vice president at Wachovia, which she joined in 2004, when it bought SouthTrust Corp.
From 2004 through 2005, she was the chairman of the American Bankers Association.
Ms. Duke listed money market, savings, and checking accounts with TowneBank. She reported holding between $100,001 and $250,000 of TowneBank stock, as well as unvested restricted stock in the company.