December 20, 2000

CONTACTS:	Elizabeth Masten Federal Reserve Bank of San Francisco	(415) 974-2133
	Eric Wolfe Local 1245 IBEW	(925) 933-6060 x216
	Mike Reynoldson Qwest Communications	(208) 385-2154

SAN FRANCISCO, December 20, 2000 – Bay Area labor leader, Jack McNally, and Boise-based telecommunications executive, Barbara L. Wilson, have been elected to the board of directors of the Federal Reserve Bank of San Francisco for three-year terms beginning January 1, 2001.

Mr. McNally, 62, is the Business Manager of IBEW Local 1245, headquartered in Walnut Creek, California, and the largest utility local union in the International Brotherhood of Electrical Workers, AFL-CIO, with approximately 19,000 members. The Local represents members of several investor- owned utilities and public utilities in Northern California and Nevada. He was elected by the Fed's largest member banks to represent non-banking interests in the District's nine western states.

Ms. Wilson, 48, is Idaho and Regional Vice President of Qwest Communications International, Inc., a broadband Internet communications company which provides Internet, multimedia, data and voice services to business, consumer and government customers. She was elected by the central bank’s member community banks to represent non-banking interests. Ms. Wilson has been a director of the Bank’s Salt Lake City Branch Board since 1998, and its Chairman since 1999.

A native Californian, Mr. McNally has a forty-year affiliation with the Pacific Gas and Electric Company where he first apprenticed as a lineman. In 1968, he was appointed a business representative on the business manager’s staff of Local 1245, became assistant business manager in 1976, and was elected to his present position in 1980. Mr. McNally serves as Chairman of the California Coalition of Utility Employees, as a Vice President and Executive Committee Member of the California Labor Federation, AFL-CIO, and a director of the California Council for Environmental and Economic Balance, the California Foundation on the Economy and the Environment, the California Independent System Operator (Cal-ISO), Delta Dental Plan of California, the California State Association of Electrical Workers, the Consumer Federation of California, and The Working Group, a media production company. He is a past chairman of Delta Dental Plan of California, and former president of the California State Association of Electrical Workers, among other leadership positions.

Ms. Wilson is a graduate of the University of Puget Sound, and earned her MBA at the University of Washington. She has spent the majority of her business career with Pacific Northwest Bell and US West Inc. where she has held executive positions over business marketing, government and educations services, and human resources and public policy. In 1992, Ms. Wilson relocated to Boise as Regional Vice President, and she continues in that position following the merger of Qwest Communications with U.S. West. In addition to her affiliation with the Fed’s

Salt Lake City Branch, she serves as a director of the Boise Airport Commission, the Idaho Business Council (and as a past vice chairman), St. Luke’s Regional Medical Center (where she chairs the Facilities & Planning Committee), and the Idaho Governor’s Challenge Cup Board for Education. Ms. Wilson is a former chairman of Boise State University’s College of Business & Economics Advisory Council, and a past director of Boise Area Economic Development, the Boise State University Foundation, the Bishop Kelly Foundation, the Boise Area Chamber of Commerce, the Idaho Association of Commerce & Industry, among others.

The Federal Reserve Bank of San Francisco provides wholesale banking services to financial institutions in the nine western states through the head office in San Francisco and branch offices at Los Angeles, Portland, Salt Lake City, and Seattle. As the nation's central bank, the Federal Reserve System formulates monetary policy, serves as a bank regulator, administers consumer protection laws, and is fiscal agent for the U.S. government. Head office directors are responsible for overseeing Reserve Bank operations, selecting the Reserve Bank president, providing details of economic trends in their regions, and advising the Bank's president and Board of Governors of the Federal Reserve System on the general direction of monetary policy by establishing the Bank's discount rates.