Press Releases

The Federal Reserve Bank of San Francisco announced that Thomas Corrick, CEO of Boise Cascade Company, Boise, ID, has been appointed to the Salt Lake City Branch’s Board of Directors by the Board of Governors of the Federal Reserve System. Jas Krdzalic, president and CEO, Bodybuilding.com, Boise, ID, and O. Randall Woodbury, president and CEO, Woodbury Corporation, Salt Lake City, UT, have also been appointed as directors by the Board of Directors of the Federal Reserve Bank of San Francisco. All three terms are effective January 1, 2019 and conclude on December 31, 2021. The San Francisco Fed also announced that […]

The Federal Reserve Bank of San Francisco appointed Gale Castillo, president, Cascade Centers, Inc., Portland, OR, to the Portland Branch’s Board of Directors.  The San Francisco Fed also announced the following new designations: Charles A. Wilhoite, managing director at Willamette Management Associates, Portland, OR, has been appointed chair of the Branch’s Board of Directors for 2019, and Stacey M.L. Dodson, market president for Portland and Southwest Washington at U.S. Bank, has been reappointed. The terms for Ms. Castillo, Mr. Wilhoite, and Ms. Dodson were effective January 1, 2019. Gale Castillo Download high resolution photo (jpg, 104 kb) Cascade Centers was founded […]

The Federal Reserve Bank of San Francisco announced that West Mathison, president of Wenatchee-based Stemilt Growers LLC, has been redesignated chairman of the Seattle Branch Board of Directors for 2019. In addition, Mr. Mathison was reappointed to the Seattle Branch Board by the Board of Governors to a second three-year term. Cheryl B. Fambles, CEO of Pacific Mountain Workforce Development Council in Tumwater, WA, has been reappointed to the board of directors to a three-year term. Both terms end December 31, 2021. West Mathison Download high resolution photo (jpg, 329 kb) Mr. Mathison is part of the fifth generation of Mathison family […]

The Federal Reserve Bank of San Francisco appointed Deborah Flint, CEO of Los Angeles World Airports, to its Los Angeles Branch Board of Directors for a three-year term, effective January 1, 2019. Additionally, Robert Gleason, president and CEO, Evans Hotels, San Diego, CA, has been redesignated by the Federal Reserve’s Board of Governors as the Los Angeles branch director and chair of its board of directors. Luis Faura, president and CEO of C&F Foods, Inc., City of Industry, CA, and Anita V. Pramoda, CEO of Owned Outcomes, Las Vegas, NV, have each been reappointed to a second term. Deborah Flint Download […]

San Francisco, California — The Federal Reserve Bank of San Francisco announced that Kristin Reinke, vice president, head of Google finance, Mountain View, CA has been appointed to the Bank’s Economic Advisory Council (EAC). Kristin Reinke Download high resolution photo (jpg, 75.9 kb) Additionally, Mary Pat Thompson, senior vice president of finance, MWI Animal Health/AmerisourceBergen, Boise, ID, and Karen Lee, chief executive officer, Pioneer Human Services, Seattle, WA, have been appointed chair and vice chair, respectively. Mary Pat Thompson Download high resolution photo (jpg, 2.2 mb) Ms. Reinke has been a member of the finance leadership team at Google since 2005. […]

San Francisco, California — The Federal Reserve Bank of San Francisco’s board of directors has reappointed James H. Herbert, II, chairman and CEO (Founder) of First Republic Bank, to represent the District on the Federal Advisory Council beginning January 1, 2019. Mr. Herbert was first appointed to the board of directors on April 1, 2018. James H. Herbert, II Download high resolution photo (pdf, 455 kb) The Federal Advisory Council, a body created by the Federal Reserve Act, consists of one member—generally from the commercial banking industry—from each of the twelve Reserve Bank Districts. The council ordinarily meets four times a […]

San Francisco, California — The Federal Reserve Bank of San Francisco announced that Russell A. Colombo, president and CEO, Bank of Marin, Novato, CA; James J. Schlotfeldt, president and CEO, First Federal Savings & Loan, McMinnville, OR; Janet M. Silveria, president and CEO, Community Bank of Santa Maria, Santa Maria, CA; Richard F. Wacker, president and CEO, American Savings Bank, Honolulu, HI; and Mina R. Worthington, president and CEO, Solarity Credit Union, Yakima, WA, have been appointed as the newest members of the Twelfth District’s Community Depository Institutions Advisory Council (CDIAC). Their terms are effective January 1, 2019; CDIAC members generally serve […]

Cash remains the most frequently used payment instrument in the nation, according to a new report out of the Federal Reserve’s Cash Product Office. The 2017 Diary of Consumer Payment Choice found cash payments made up 30 percent of payments last year, more than any other payment instrument. Debit cards were used 27 percent of the time while credit cards made up 21 percent of payments. Despite the growth of online transactions, consumers continued to make more than three-quarters of payments in person. When bill payments are excluded from total transactions, the 2017 share of in-person transactions stood at 90 percent. […]

San Francisco, California — The Board of Directors of the Federal Reserve Bank of San Francisco appointed Sylvain Leduc executive vice president and director of Economic Research, the Bank announced today. In this capacity, Leduc will oversee all research and analysis functions that support the development of monetary policy and that help further understanding of the economy nationally and globally. He succeeds Mary C. Daly who was named president and chief executive officer of the Bank.