Community Depository Institutions Join Federal Reserve Bank of San Francisco Advisory Group

San Francisco, CA – The Federal Reserve Bank of San Francisco announced the appointment of nine members to its newly-formed Twelfth District Community Depository Institutions Advisory Council (CDIAC). The council, drawn from communities across the nine-state Twelfth District, will meet twice a year to provide input to the San Francisco Federal Reserve Bank’s senior management on a variety of topics, including economic and banking conditions, regulatory policies and payments issues.

“The creation of this council is an important step to further strengthen the interaction our Reserve Bank’s management has with community depository institutions in our District,” said John F. Moore, interim president and CEO of the San Francisco Fed. “It builds on the Bank’s Community Perspectives outreach program, which we established several years ago to increase our understanding of the perspectives of community bankers across our nine-state region.”

Members of the San Francisco Fed’s CDIAC, who will serve three-year terms, represent banks, thrift institutions and credit unions of various sizes within the Twelfth District. Kay Hoveland, president and CEO of Kaiser Federal Bank, Covina, CA, will serve as the Twelfth District’s 2011 representative to meet twice a year with the Board of Governors in Washington, D.C.

Members of the 2011 Twelfth District CDIAC:

Ronald A. Barrick
President and CEO
Advantis Credit Union
Milwaukie, Oregon

William E. Castle
President and CEO
South Valley Bank and Trust
Klamath Falls, Oregon

James E. Christensen
President and CEO
Gateway Commercial Bank
Mesa, Arizona

Daniel J. Doyle
President and CEO
Central Valley Community Bank
Fresno, California

John V. Evans, Jr.
DL Evans Bank
Burley, Idaho

Kay M. Hoveland
President and CEO
Kaiser Federal Bank
Covina, California

Constance H. Lau
American Savings Bank
Honolulu, Hawaii

Arvind A. Menon
President and CEO
Meadows Bank
Las Vegas, Nevada

James R. Woolwine
Presidio Bank
San Francisco, California

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.