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President Trump has been in office for nearly 12 weeks, but he still hasn’t nominated several critical positions among financial services regulators. Moreover, the list of vacancies and those with expired terms just grew longer last week as Federal Reserve Board Gov. Daniel Tarullo stepped down and Comptroller of the Currency Thomas Curry’s term expired. Following is a guide to what’s vacant now, and when other posts will be available.
Trump took office with two vacancies on the Federal Reserve Board, and after Tarullo's departure last week, now has three slots to fill on the seven-member board. One of those positions is the vice chairman of banking supervision, a new role created by the Dodd-Frank Act which has yet been unfilled. Another of the Fed nominees must have community banking experience, a key position for smaller institutions. It’s not clear why Trump has waited so long to name these positions. During a meeting with community bankers last month, the president told attendees there would be an announcement "soon."