Portland, OR – The Federal Reserve Bank of San Francisco has appointed Robert “Bob” Hale, chief executive officer of Hale Companies, to its Portland Branch board of directors, effective March 24, 2011. The Portland Branch board of directors provides an economic perspective on the region to both the Federal Reserve Bank of San Francisco’s board of directors and the Board of Governors in Washington. The Board of Governors considers this information when determining monetary policy.
Mr. Hale is chief executive officer of Hale Companies headquartered in Echo, Oregon, and president of River Point Farms headquartered in Hermiston, Oregon. He is a current member of United Fresh, Produce Marketing Association, Farmers Ending Hunger, Oregon Wheat Growers League, Oregon Potato Commission, Umatilla Basin Water Coalition, Pacific Northwest Vegetable Association, Oregon Farm Bureau and the National Onion Association. Mr. Hale received his bachelor’s degree from Lewis and Clark College.
Other members of the Portland Branch board include: David Chen (chairman), Equilibrium Capital Group LLC; Megan Clubb, Baker Boyer National Bank; Peggy Fowler, Portland General Electric; Roger Hinshaw, Bank of America; Dr. Joe Robertson, Oregon Health & Science University; and Roderick Wendt, JELD-WEN, inc.
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.