Salt Lake City, Utah – The Federal Reserve Bank of San Francisco has appointed Dr. Deneece G. Huftalin, president of Salt Lake Community College, as the Bank’s newest Salt Lake City branch director.
Dr. Deneece G. Huftalin
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Ms. Huftalin was named the eighth president of Salt Lake Community College (SLCC) in 2014. Previously at the college, she served as interim president, vice president of student services, dean of students, and director of academic and career advising. Before joining SLCC in 1992, she held positions at William Rainey Harper College, Northwestern University, the University of Utah, Stanford University and the Institute for Shipboard Education. She earned a bachelor’s degree from the University of Utah, a master’s degree from the University of California-Los Angeles, and a doctorate in Education, Leadership, and Policy from the University of Utah.
The Bank also announced the reappointment of Russell A. Childs, president and chief executive officer of SkyWest, Inc., holding company of SkyWest
Airlines and SkyWest Leasing, in St. George, Utah, to the Salt Lake City branch board for a three-year term that begins January 1, 2020. He was also newly appointed as chair of the Salt Lake City Board.
The remaining Salt Lake City branch board includes:
Patricia R. Richards, president and chief executive officer, SelectHealth, Inc., Murray, UT
Thomas K. Corrick, chief executive officer, Boise Cascade Company, Boise, ID
Jas Krdzalic, president and chief executive officer, Bodybuilding.com, Boise, ID
Park Price, chief executive officer emeritus and chairman, Bank of Idaho, Idaho Falls, ID
O. Randall Woodbury, president and chief executive officer, Woodbury Corporation, Salt Lake City, UT
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 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.