More than five months after his agency became part of the Federal Housing Finance Agency, Ronald Rosenfeld resigned Dec. 31 as the chairman of the Federal Housing Finance Board.

The resignation, announced Tuesday, capped Mr. Rosenfeld's often tumultuous four years as the lead supervisor of the 12 Federal Home Loan banks. During his tenure the industry fought a retained earnings proposal, and the Home Loan Bank of Dallas made an ill-fated attempt to buy the Home Loan Bank of Chicago.

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