PORTLAND – The Federal Reserve Bank of San Francisco announced its newest appointments and a reappointment to its Portland Branch Board of Directors, as well as a redesignated chair, effective January 1, 2026.
The following Director was newly appointed:
Peter J. Bragdon
President
Columbia Sportswear Company
Portland, Oregon
The following Director was reappointed for a second term:
Rich Babcock
Chief Executive Officer
Rosboro
Springfield, Oregon
The following Director was redesignated to serve as Chair of the Portland Branch Board in 2026:
Graciela Gomez Cowger
Former Chief Executive Officer
Schwabe
Portland, Oregon
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 Twelfth Federal 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) 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.