SAN FRANCISCO – The Federal Reserve Bank of San Francisco has announced six new directors who will serve on its Head Office Board of Directors, as well as a new Chair and Deputy Chair of the Board, effective January 1, 2024.
New Head Office directors include:
Russell A. (Chip) Childs
Chief Executive Officer and President
SkyWest, Inc.
St. George, Utah
Maritza Diaz
Chief Executive Officer
iTjuana
San Diego, California
Karin Kimbrough
Chief Economist
LinkedIn
Sunnyvale, California
Clint Stein
President and Chief Executive Officer
Columbia Banking System, and
Chief Executive Officer
Umpqua Bank
Tacoma, Washington
Laura Lee Stewart
President and Chief Executive Officer
Sound Community Bank and Sound Financial Bancorporation
Seattle, Washington
Mr. David P. White was also designated by the Board of Governors to serve as Chair of the Head Office Board in 2024, and Mr. Childs to serve as Deputy Chair.
David P. White
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
About the Boards of Directors
The Federal Reserve Act of 1913 requires each of the 12 Reserve Banks to operate under the supervision of a board of directors. The Federal Reserve Bank of San Francisco’s Head Office Board is governed by nine directors who represent the interests of the 12th Reserve District and whose experience provides the Bank with a wider range of expertise that helps it fulfill its policy and operational responsibilities. The nine directors of each Reserve Bank are divided evenly by classification: Class A directors represent the member banks in the District; Class B directors and Class C directors represent the interests of the public. In the case of the Federal Reserve Bank of San Francisco, its four branches in Los Angeles, Portland, Salt Lake City, and Seattle each have a separate seven-member branch board.
The Federal Reserve Bank of San Francisco (SF Fed) serves the public by promoting a healthy, sustainable economy, and supporting the nation’s financial and payment systems. With offices in Los Angeles, Seattle, Salt Lake City, Portland and Phoenix, the Bank serves the Twelfth Federal Reserve District, which includes one-fifth of the nation’s population and represents the world’s fourth-largest economy. As part of the nation’s central bank, the SF Fed informs monetary policy, regulates banks, administers certain consumer protection laws and acts as a financial partner to the U.S. government.