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Senate Banking Committee Chairman Richard Shelby, R-Ala., is said to be pressing for appointment of a vice chairman of supervision at the Federal Reserve Board before moving forward on two Fed Board vacancies.

The new Fed Board position is called for by the Dodd-Frank Act, but no nomination has been forthcoming to fill it, reportedThe Wall Street Journal. Meanwhile, the president's two nominees to the Fed Board – Kathryn Dominguez, an economist at the University of Michigan, and Allan Landon, former CEO for the Bank of Hawaii – have yet to get a hearing.

The Fed Board has been operating with two vacancies since late May 2014. Dominguez was nominated July 21, and Landon was nominated this January.