Former Governor & Vice Chairman for Supervision, Federal Reserve System Board of Governors
Randal K. Quarles
Biden administration.
- Assets disclosed
- At least $42M
- Outside pay
- Not shown
- Trades disclosed
- 3
- Left office
- Dec 2021
Assets disclosed: on the 2021 annual filing. The values on Quarles’s latest financial disclosure to the Office of Government Ethics, added up as ranges, because the form gives ranges and never exact values.
Outside pay: shown for the current administration only. What the latest form reports was paid to the official to the dollar, outside the public salary, which is set by law.
Trades disclosed: Apr 2020 to Feb 2021. Transactions on 278-T reports and annual reports, which include a spouse’s and dependent children’s.
Left office: Oct 13, 2017 to Dec 25, 2021.
Outside pay is kept for the current administration only. The Office of Government Ethics drops officials from its public portal after they leave, and by law it destroys most reports six years after they are filed. We saved some earlier reports before they went, but no complete set for any earlier administration survives, and a partial record shown as if it were whole would mislead.
Start date: the cabinet record.
Leaving date: federalreserve.gov.
Largest holdings
On the 2021 annual filing
- General Electric Common StockAt least $1M
- First Trust Morningstar Dividend Index Leaders FundAt least $1M
- WisdomTree U.S. Total Dividend FundAt least $1M
- iShares Select Dividend Index FundAt least $1M
- iShares MSCI Emerging Markets ETFAt least $1M
- Assets listedEach with a value range
- 138
- Without a valueListed with no dollar range
- 114
Trades
Disclosed on periodic and annual reports, by year
- Bought67% of trades
- 2
- Sold33% of trades
- 1
0 of the 2 trades with a filing date to check were reported after 45 days plus any extension the filing states. The other 1 carry no filing date that can be checked.
The executive financial disclosure reports the official’s transactions together with those of a spouse and dependent children, and does not mark which is which. These trades are shown as disclosed. They should not be read as the official personally trading.
What was traded
- Other assets
100% of trades
3
Past the deadline
0
Of the 2 trades with a filing date to check, after 45 days plus any extension the filing states
Estimated volume
$1.1M
The forms give each trade as a range of dollars. This adds the low end of every range, so the real volume is at least this and could be much more.
Net worth
Reported as ranges, so no single net worth
- Disclosed assets
- At least $42M
- Disclosed liabilities
- $1M to $5M
A net worth for Randal K. Quarles cannot be computed from this filing: values are given as ranges, some items carry no value, the highest range has no upper limit, and a home kept for personal use is not reported.
- Disclosed assets:
- as ranges on 138 line items, plus 114 without a dollar value; 19 of those ranges are open ended
- Disclosed liabilities:
- as ranges on 1 line item, plus 1 without a dollar value
These are the lower and upper bounds of the ranges on the filing, not a market valuation. Assets and liabilities are shown separately and are never netted into a net worth. How these bands are read
The form lists each debt over $10,000 owed at any time during the period it covers, including one repaid before the period ended. A few kinds are left off, such as a debt to a close relative. The filer’s own notes on these debts:
- Wells Fargo: “This loan was repaid during 2020 and we terminated the line.”
Kept since Aug 27, 2026. Federal law generally requires a filing to be destroyed six years after it was received, unless it is needed in an ongoing investigation.
Disclosures: Office of Government Ethics, read through Oct 24, 2026. Latest filing: 2021 annual filing.
Holdings
On the 2021 annual filing, largest range first
- General Electric Common Stock
Line 1.1 of the filing
At least $1M - First Trust Morningstar Dividend Index Leaders Fund
Line 1.10 of the filing
At least $1M - WisdomTree U.S. Total Dividend Fund
Line 1.11 of the filing
At least $1M - iShares Select Dividend Index Fund
Line 1.12 of the filing
At least $1M - iShares MSCI Emerging Markets ETF
Line 1.13 of the filing
At least $1M
These are the lower and upper bounds of the ranges on the filing, not a market valuation. Assets and liabilities are shown separately and are never netted into a net worth. How these bands are read
The form lists each debt over $10,000 owed at any time during the period it covers, including one repaid before the period ended. A few kinds are left off, such as a debt to a close relative. The filer’s own notes on these debts:
- Wells Fargo: “This loan was repaid during 2020 and we terminated the line.”
Kept since Aug 27, 2026. Federal law generally requires a filing to be destroyed six years after it was received, unless it is needed in an ongoing investigation.
Disclosures: Office of Government Ethics, read through Oct 24, 2026. Latest filing: 2021 annual filing.
Trades
3 disclosed transactions, Apr 2020 to Feb 2021
What was traded
- Other assets
100% of trades
3
Past the deadline
0
Of the 2 trades with a filing date to check, after 45 days plus any extension the filing states
Estimated volume
$1.1M
The forms give each trade as a range of dollars. This adds the low end of every range, so the real volume is at least this and could be much more.
Disclosed transactions
Newest first, five a page, each with its filing
3 disclosed transactions, 1 of them only in the annual report. Amounts are ranges, never exact, and every row links to the official filing.
0 of the 2 trades with a filing date to check were reported after 45 days plus any extension the filing states. The other 1 carry no filing date that can be checked.
The executive financial disclosure reports the official’s transactions together with those of a spouse and dependent children, and does not mark which is which. These trades are shown as disclosed. They should not be read as the official personally trading.
Disclosures: Office of Government Ethics, read through Oct 24, 2026. Latest filing: 2021 annual filing.