Duke has taught bank management at banking schools around the country and is active in banking associations. From 1998 to 2000 she sat on the board of the Federal Reserve Bank of Richmond. In 1999, the Virginia Bankers Association elected her the organization's first female president. Duke achieved another first in 2004 when she became the first woman to chair the American Bankers Association.
President George W. Bush nominated Duke to fill an unexpired seat on the Board of Governors of the Federal Reserve System in May 2007 and she took her oath of office in August 2008. During the subsequent economic crisis, she focused on issues related to housing and mortgage markets, foreclosures, and neighborhood stability, working to balance new regulations and continued access to homeownership. She also promoted community banks as vital contributors to the nation's banking system. Her term ended in 2012, although Duke continued to serve through August 2013.
Duke was the recipient of the VABPW Foundation Business Leadership Award in 2014.
Reprinted with permission of the Library of Virginia.