Federal Reserve Bank
of San Francisco Federal Reserve Bank
of San Francisco

Press Releases

  • Gina Marie Lindsey Appointed to the Los Angeles Branch Board of the Federal Reserve Bank of San Francisco

    Gina Marie Lindsey Los Angeles, CA — The Federal Reserve Bank of San Francisco has appointed Gina Marie Lindsey, Los Angeles World Airports Executive Director, to its Los Angeles Branch board of directors, effective January 1, 2014. Ms. Lindsey was appointed LAWA Executive Director in June 2007 and has management oversight of three airports, Los Angeles International (LAX), LA/Ontario International (ONT) and Van Nuys (VNY) airports. Prior to managing the airports, Ms. Lindsey was Executive Vice President of McBee Strategic Consulting, LLC, a government relations and aviation consulting firm in Washington, D.C. Prior to holding that post, she was Managing Director […]

  • Brian Rice Appointed to the Portland Branch Board of the Federal Reserve Bank of San Francisco

    Brian Rice Portland, OR — The Federal Reserve Bank of San Francisco has appointed Brian Rice, KeyBank’s regional president for Alaska, Oregon and Washington, to its Portland Branch board of directors. His three-year term began January 1, 2014. The Board of Directors provides the region’s economic perspective to the Federal Reserve Bank’s Board of Directors in San Francisco. Mr. Rice is responsible for serving and growing KeyBank’s business, commercial and private banking client base. Prior to joining Key Private Bank in June 2002, he managed retail, business banking and private banking teams in Oregon for another major bank. He is a graduate […]

  • Economic Outlook Positive, but Accommodative Monetary Policy Still Necessary: San Francisco Fed President

    Phoenix — The US economic outlook is gaining traction, but the Fed’s recent scaling back of its bond purchases does not signal an end to accommodative monetary policy, said John C Williams in a speech Tuesday. Speaking to Lambda Alpha International and the Arizona Bankers Association, the president of the San Francisco Fed said:  “After years of fits and starts, the economy appears to be on a much stronger path than we’ve seen in some time … the economic data have been quite encouraging, and there’s reason to believe that this year, the economic recovery will gain further momentum.“  Williams estimated real […]

  • Leadership and Membership Announcements for the Federal Reserve Bank of San Francisco’s Board of Directors

    Patricia E. Yarrington San Francisco — The Board of Governors of the Federal Reserve System designated Patricia E. Yarrington as chair of the Federal Reserve Bank of San Francisco’s board of directors, and Roy A. Vallee as deputy chair, effective January 1, 2014. Ms. Yarrington was also reappointed for one year of a three year term by the Board of Governors ending December 31, 2014. Roy A. Vallee Ms. Yarrington is vice president and CFO of global energy company Chevron Corporation, headquartered in San Ramon, California. She joined Chevron in 1980 and has held progressively senior financial and analytical positions with […]

  • Michael Shepherd Reappointed to the Federal Advisory Council

    Michael Shepherd San Francisco, CA — The Federal Reserve Bank of San Francisco’s board of directors has reappointed Michael Shepherd, chairman and chief executive officer of Bank of the West and BancWest Corporation to represent the District on the Federal Advisory Council for a third one-year term beginning January 2014. 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 year with the Board of Governors in Washington, D.C., to discuss economic and banking matters. Members […]

  • Mark A. Gould Appointed First Vice President and COO of the Federal Reserve Bank of San Francisco

    Mark A. Gould San Francisco — Mark A. Gould has been appointed first vice president and chief operating officer of the Federal Reserve Bank of San Francisco, the Bank announced today.  Mr. Gould is currently senior vice president, Seattle Branch manager, and product manager of the Cash Product Office (CPO). He will assume his new responsibilities on February 1, 2014. Mr. Gould succeeds John F. Moore, who is retiring after 33 years of service to the Federal Reserve System, including nearly 18 years as first vice president of the San Francisco Fed. Mr. Gould’s appointment was made by the Federal Reserve Bank […]

  • James A. Hughes Appointed to the Los Angeles Branch Board of the Federal Reserve Bank of San Francisco

    James A. Hughes Los Angeles, CA – The Federal Reserve Bank of San Francisco has appointed James A. Hughes, CEO, First Solar, Tempe, AZ, to its Los Angeles Branch Board of Directors, effective September 27, 2013.  Mr. Hughes is the Chief Executive Officer of First Solar, a provider of comprehensive photovoltaic (PV) solar systems. Prior to joining First Solar, Mr. Hughes served as CEO and Director of AEI Services LLC. He holds a JD from the University of Texas at Austin School of Law, a Certificate of Completion in international business law from Queen Mary’s College, University of London, and a […]

  • Janet Yellen Nominated as Next Fed Chair

    On October 9, 2013, President Obama nominated Janet Yellen to succeed Ben Bernanke as our nation’s next Federal Reserve chair. Janet Yellen is currently Vice Chair of the Federal Reserve System’s Board of Governors, a role to which she was appointed in October 2010. She served as President and Chief Executive Officer of the Federal Reserve Bank of San Francisco from 2004 to 2010. Her career has also included roles as chair of the White House’s Council of Economic Advisors and a professorship at UC Berkeley’s Haas School of Business, where she is Professor Emerita.

  • Membership Appointment to Federal Reserve Bank of San Francisco’s Economic Advisory Council

    Thomas E. Vice San Francisco, CA — The Federal Reserve Bank of San Francisco announced that Thomas E. Vice, Corporate Vice President and Sector President of Northrop Grumman’s Aerospace Systems, Redondo Beach, CA, was appointed as the newest member of the Twelfth District’s Economic Advisory Council (EAC). Mr. Vice’s term will expire December 31, 2015. Mr. Vice leads Northrop Grumman’s Aerospace Systems operating sector, the company’s largest business unit, focused on manned and unmanned systems, space systems and advanced aerospace technologies. He is on the board of trustees for the Florida Institute of Technology, the board of advisors for Purdue University’s […]

  • Membership Appointment to Federal Reserve Bank of San Francisco’s Economic Advisory Council

    John E. “Jack” Pelo San Francisco, CA — The Federal Reserve Bank of San Francisco announced that John E. “Jack” Pelo, President and CEO, Swire Coca-Cola, Draper, UT, was appointed as the newest member of the Twelfth District’s Economic Advisory Council (EAC). Mr. Pelo’s term will expire December 31, 2015. Mr. Pelo has been President and CEO of Swire Coca-Cola USA, a subsidiary of Swire Pacific Limited in Hong Kong, since 1996. He has also served on the Executive Committee of Swire Beverages during this time. Prior to becoming President, he served as Division Manager of the Northwest Division based in […]