The Federal Reserve Bank of San Francisco
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December 21, 2005

Contacts: Carol Eckert
Federal Reserve Bank of San Francisco
(415) 977-3853
  Lily Ruiz
Federal Reserve Bank of San Francisco
(415) 974-3240

Ann Sewill Joins San Francisco Fed's Los Angeles Branch Board

Los Angeles, December 21, 2005 – The Federal Reserve’s Board of Governors in Washington D.C. has appointed Ann Sewill, vice president and California director for Enterprise Community Partners (formerly The Enterprise Foundation), to the board of directors of the Los Angeles Branch of the Federal Reserve Bank of San Francisco. In this role, Ms. Sewill joins six other directors on the Los Angeles Branch board in providing the Federal Reserve System with economic information for her industry and region. This information, along with other sources, is used by the Federal Reserve when reaching monetary policy decisions. Ms. Sewill’s three-year term begins January 2006.

Ms. Sewill oversees the California program for Enterprise, a national nonprofit organization that works with community-based organizations and local governments to develop affordable housing and other opportunities for families with limited incomes. Prior to joining Enterprise, Ms. Sewill was assistant general manager and acting manager for the Los Angeles Housing Department, and executive director for the Los Angeles Community Design Center. She is a member of the Affordable Housing Advisory Council of the Federal Home Loan Bank of San Francisco and the Los Angeles County Housing Advisory Committee.

The balance of the San Francisco Fed’s Los Angeles Branch board includes: James L. Sanford, (LA Branch board chairman) Northrop Grumman Corporation, Karen Caplan, Frieda’s, Inc., Dominic Ng, East West Bank, Anita Santiago, Anita Santiago Advertising, Peter M. Thomas, Thomas and Mack Co., and D. Linn Wiley, Citizens Business Bank.

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