December 29, 2003

California banker and Idaho consultant are re-elected to
San Francisco Federal Reserve Bank Board

San Francisco, December 29, 2003 – Member banks in the Twelfth Federal Reserve District have re-elected California banker Richard Hartnack and consultant Barbara Wilson to the board of directors of the Federal Reserve Bank of San Francisco for three-year terms beginning January 1, 2004. In their role as directors, Hartnack and Wilson will provide the Federal Reserve System with economic information on their respective industries and on the Twelfth District's nine-state economy. Hartnack was elected by the SF Fed’s largest member banks and Wilson, who will represent non-banking interests, was elected by the SF Fed’s member community banks.

Hartnack is vice chairman and director of Union Bank of California and UnionBanCal Corporation, San Francisco. He began his career with the former First National Bank of Oregon in 1971, where he was named senior vice president and head of the Corporate Banking Division in 1979. In 1982, he joined First National Bank of Chicago (now BankOne) as head of Private Banking and Personal Trust, and in 1988 was appointed executive vice president and a member of the Management Committee with responsibility for the Community Banking Group. Hartnack came to Union Bank of California in 1991 where he was elected vice chairman of the Board and head of the Community Banking and Investment Services Group.

Hartnack is a graduate of the University of California at Los Angeles and earned his MBA from Stanford University. Among his many professional affiliations, he currently serves as chairman of the Los Angeles Urban League, second vice chairman of the California Chamber of Commerce, and as a director of the California Bankers Association. Hartnack is based in Los Angeles.

Wilson, a consultant, is a retired regional vice president of Qwest Communications International, Inc., the Denver-based communications company. In 1974, she began her communications career with Pacific Northwest Bell (which later became US West) where she served in various management positions, becoming a corporate officer in Denver in 1986. She relocated to Boise in 1992 as Idaho and regional vice president-northern region and, in 2000, became Idaho and regional vice president-western region following the merger of Qwest Communications with US West. Wilson was a director of the San Francisco Fed’s Salt Lake City Branch Board from 1998 - 2000, and was its chairman from 1999 - 2000. On January 1, 2001, Wilson began serving on the head office Board of the Federal Reserve Bank of San Francisco.

Wilson also sits on the Boards of St. Luke’s Regional Medical Center and the Boise Airport, and is an active member of the Idaho Business Coalition for Educational Excellence, the Regional Transportation Task Force, and the Idaho Governor’s Science and Technology Advisory Council. In spring of 2003 she was named one of the 50 Most Influential People in Idaho by Boise Journal magazine.

Wilson holds an undergraduate degree in Economics and Finance from the University of Puget Sound and an MBA from the University of Washington. She currently resides in Boise, Idaho.

The Federal Reserve Bank of San Francisco provides wholesale banking services to financial institutions in the nine western states through its head office in San Francisco, branch offices in Los Angeles, Portland, Salt Lake City, and Seattle, and a cash processing office in Phoenix. 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.

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