Press Releases

San Francisco, CA – The Federal Reserve Bank of San Francisco announced leadership appointments for the Twelfth District Community Depository Institutions Advisory Council (CDIAC); the council was formed earlier this year. John V. Evans, Jr., CEO, DL Evans Bank, Burley, ID, was appointed as chairman, and Ronald Barrick, president and CEO of Advantis Credit Union, Milwaukie, OR, was appointed as vice chairman. Mr. Evans will also serve as the District’s representative to meet twice a year with the Board of Governors in Washington D.C. In addition, it was announced that Darin B. Moody, president and CEO of Utah First Federal Credit […]

Bob Hale 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 […]

John C. Williams High resolution image (png, 215 kb) CV (pdf, 23 kb) San Francisco, CA – Dr. John C. Williams has been appointed president and chief executive officer of the Federal Reserve Bank of San Francisco, according to an announcement by Douglas W. Shorenstein, chairman of the San Francisco bank’s board of directors. Dr. Williams, whose appointment is effective today, has been executive vice president and director of research at the San Francisco Federal Reserve Bank since 2009. He succeeds Dr. Janet L. Yellen, who resigned on October 4, 2010, when she was sworn in as vice chair of the […]

Los Angeles, CA – The Federal Reserve Bank of San Francisco’s board of directors has appointed Joseph C. Berenato, chairman of aerospace and defense firm Ducommun, Inc., John C. Molina, chief financial officer of Molina Healthcare, Inc., and David I. Rainer, chairman, president and chief executive of California United Bank, to the board of directors of its Los Angeles branch. The trio of new board members joins four other directors on the Los Angeles branch board in providing the Federal Reserve System with economic information about their respective industries and regions. The Federal Reserve uses such input when reaching monetary policy […]

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 […]

Dr. Joseph E. Robertson, Jr. Portland, OR – The Board of Governors of the Federal Reserve System appointed Dr. Joseph E. Robertson, Jr. to the Portland Branch board of directors, effective January 1, 2011. The 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. Dr. Robertson is president of Oregon Health & Science University (OHSU), Oregon’s only health and research university. Dr. Robertson is currently a member of the American […]

David Chen Portland, OR – The Board of Governors of the Federal Reserve System appointed David Chen chairman of the Portland Branch board of directors, effective January 1, 2011. Mr. Chen is CEO and founder of Equilibrium Capital Group LLC, an investment firm focused on real asset sectors impacted by resource constraints and sustainability. 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. Prior to founding Equilibrium […]

Sandra R. Hernández San Francisco, CA – Sandra R. Hernández, M.D., chief executive officer, The San Francisco Foundation, has joined the Federal Reserve Bank of San Francisco’s Economic Advisory Council for a three-year term ending December 31, 2013. Economic Advisory Council members provide information on current and pending developments in the regional and national economies. As a member of the Economic Advisory Council, Dr. Hernández will provide insights on the Bay Area’s nonprofit sector and offer observations on the well-being of local communities in the District. The San Francisco Foundation is the community foundation serving the Bay Area since 1948, granting […]

The Federal Reserve on Tuesday announced the establishment of offices to promote diversity and inclusion at the Federal Reserve Board and at all 12 of the Federal Reserve Banks. Related Press release from the Board of Governors

Betsy Lawer Nicole Taylor San Francisco, CA – The Federal Reserve Bank of San Francisco announced the election of Ms. Betsy Lawer, vice chair, First National Bank Alaska and Ms. Nicole Taylor, president and chief executive, East Bay Community Foundation to its board of directors. Each will serve three-year terms beginning January 1, 2011. Ms. Lawer and Ms. Taylor were elected to provide insights on their respective business sectors and offer observations on the well-being of their local communities in the District. Ms. Lawer previously served as a board member for the Seattle Branch of the Federal Reserve Bank of San […]