Randall S. Kroszner

Randall S. Kroszner submitted his resignation Monday as a member of the Board of Governors of the Federal Reserve System, effective January 21, 2009.

Kroszner, who has been a member of the Board since March 1, 2006, submitted his letter of resignation to President Bush. He will return to the Booth School of Business at the University of Chicago to assume a newly created chaired professorship.