Federal Reserve Bank of San Francisco Announces Reappointment of Nandita Bakhshi to the Federal Advisory Council

SAN FRANCISCO – The Federal Reserve Bank of San Francisco (12th District) has announced the reappointment of Nandita Bakhshi, president and chief executive officer of Bank of the West and co-chief executive officer of BNP Paribas USA Inc., to represent the 12th District on the Federal Advisory Council for a final one-year term beginning January 1, 2023.

Ms. Bakhshi was first appointed as the San Francisco Fed’s representative to the Federal Advisory Council for the 2021 calendar year. For more information about Ms. Bakhshi and her background, please see the prior news release from January 6, 2022.

The Federal Advisory Council, a body created by the Federal Reserve Act, consists of one member—generally from the commercial banking industry—from each of the 12 Reserve Bank Districts. The council ordinarily meets four times a year with the Board of Governors in Washington, D.C., to discuss economic and banking matters. Members customarily serve three one-year terms.

The Federal Reserve Bank of San Francisco (SF Fed) works to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth Federal Reserve District, which covers the nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. By pursuing our two key goals of maximum employment and price stability—known as the Fed’s dual mandate—we work toward supporting an economy that works for everyone.