Boards of Directors

The San Francisco Fed is governed by a nine‐member board of directors. The Federal Reserve Act provides that Reserve Bank directors are divided into three classes—Class C, Class B, and Class A. Each class is comprised of three directors.

Each of the four branches in Los Angeles, Portland, Salt Lake City, and Seattle also has a separate seven‐member branch board.

Head Office (San Francisco) Board of Directors

Effective January 1, 2024

Class C: Appointed by the Board of Governors to represent the public

David P. White (2024)

Chair of the Board
Chief Executive Officer
3CG Ventures, and
Former National Executive Director
Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA)
Los Angeles, California

Russell A. (Chip) Childs (2026)

Deputy Chair of the Board
Chief Executive Officer
and President
SkyWest, Inc.
St. George, Utah

Mario Cordero (2025)

Executive Director
Port of Long Beach
Long Beach, California

Class C directors are appointed with consideration (but not exclusive) to the interests of agriculture, commerce, industry, services, labor, and consumers. They cannot be officers, directors, employees, or stockholders of any bank—or bank, financial, or thrift holding company. The Board of Governors also designates a board chair and deputy chair for each Reserve Bank from among that Bank’s Class C directors. The chair must have experience or familiarity with banking or financial services. Class C directors must have been residents of the District for two years prior to appointment.

Class B: Elected by member banks to represent the public

Maritza Diaz (2025)

Group 1
Chief Executive Officer
iTjuana
San Diego, California

Karin Kimbrough (2026)

Group 2
Chief Economist
LinkedIn
Sunnyvale, California

Arthur F. (Skip) Oppenheimer (2024)

Group 3
Chairman and
Chief Executive Officer
Oppenheimer Companies, Inc., and
President
Oppenheimer Development Corporation
Boise, Idaho

Class B directors are elected with consideration (but not exclusive) to the interests of agriculture, commerce, industry, services, labor, and consumers. They cannot be officers, directors, or employees of any bank.

Class A: Elected by member banks to represent member banks

Clint E. Stein (2024)

Group 1
President and
Chief Executive Officer
Columbia Banking System, and
Chief Executive Officer
Umpqua Bank
Tacoma, Washington

Simone Lagomarsino (2025)

Group 2
President and
Chief Executive Officer
Luther Burbank Savings and Luther Burbank Corporation
Santa Rosa, California

Laura Lee Stewart

Laura Lee Stewart (2026)

Group 3
President and
Chief Executive Officer
Sound Community Bank and
Sound Financial Bancorporation
Seattle, Washington

Class A directors may be an officer, director, or employee of a member bank. They are prohibited from participating in the appointment of Reserve Bank presidents and first vice presidents, as well as in decisions related to the performance and compensation of presidents and first vice presidents. In addition, they may not participate in the selection, appointment, and compensation of all Reserve Bank officers whose primary duties involve supervisory matters.

Branch Boards

Los Angeles Branch Board of Directors

Portland Branch Board of Directors

Salt Lake City Branch Board of Directors

Seattle Branch Board of Directors

Boards of Directors and Responsibilities

Reserve Bank directors play a critical role in the effective functioning of the Federal Reserve System supervising the administration of their respective Reserve Bank’s operations, performing an important corporate governance function, and providing insights to help inform FOMC deliberations.

Directors are an important connection between the Reserve Banks and their communities. As part of their role, directors are expected to contribute to the Federal Reserve System’s understanding of the diverse economic conditions across their District and the effect of those conditions on the overall economy.

Board of Governors policy prohibits Reserve Banks from providing confidential supervisory information to any director and excludes all directors from participating in any bank supervisory matters.

Learn more about the roles and responsibilities of Federal Reserve Directors.

2024 Director Demographic Data

Director Class/Type Female Male Hispanic or Latino White Black or African American Asian Native Hawaiian or Pacific Islander American Indian or Alaska Native Two or more races
SF Head Office Directors – Class C 0 3 1 1 1 0 0 0 0
SF Head Office Directors – Class B 2 1 1 1 1 0 0 0 0
SF Head Office Directors – Class A 2 1 0 3 0 0 0 0 0
Branch Directors – Board of Governors‑Appointed 7 4 2 7 1 1 0 0 0
Branch Directors – SF Head Office Board/Bank‑Appointed 7 9 1 10 2 1 0 1 1
Total Count 18 18 5 22 5 2 0 1 1
Percent of Total 50% 50% 14% 61% 14% 6% 0% 3% 3%

Last updated January 2024

Related

Elections and Appointments

Director Election Circulars

Federal Reserve System Boards of Directors