Press Releases
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Membership and Leadership Announcements for the Federal Reserve Bank of San Francisco’s Portland Branch Board of Directors
PORTLAND – The Federal Reserve Bank of San Francisco has announced the newest member of its Portland Branch Board of Directors, as well as three reappointments and a new chair, effective January 1, 2024. The Portland Board’s newest director is: Patrick CriteserPresident and Chief Executive OfficerTillamook County Creamery AssociationTillamook, Oregon Directors reappointed for a second term include: Alicia ChapmanOwner and Chief Executive OfficerWillamette Technical FabricatorsPortland, Oregon Andrew ColasPresident and Chief Executive OfficerColas Construction, Inc.Portland, Oregon Graciela Gomez CowgerChief Executive OfficerSchwabe, Willamson & WyattVancouver, Washington In addition, the following director was designated to serve as Chair of the Portland Branch Board in 2024: […]
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Membership Announcements for the Federal Reserve Bank of San Francisco’s Salt Lake City Branch Board of Directors
SALT LAKE CITY – The Federal Reserve Bank of San Francisco announced the newest member of its Salt Lake City Branch Board of Directors, and two reappointments, effective January 1, 2024. The Salt Lake City Board’s newest director is: Melanie CoxChief Executive OfficerBackcountry.comPark City, Utah Directors reappointed for a second term include: Susan MorrisExecutive Vice President and Chief Operating OfficerAlbertsonsBoise, Idaho Mark W. PackardPresident and Chief Executive OfficerCentral BankProvo, Utah About the Boards of DirectorsThe 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 […]
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Membership and Leadership Announcements for the Federal Reserve Bank of San Francisco’s Seattle Branch Board of Directors
SEATTLE – The Federal Reserve Bank of San Francisco has announced two new appointments and a reappointment to its Seattle Branch Board of Directors, effective January 1, 2024. The Seattle Board’s newest directors include: Gabriel (Gabe) KompkoffPresident and Chief Financial OfficerGrant AviationAnchorage, Alaska Eric PearsonChief Executive OfficerCommunity First BankKennewick, Washington The following director was reappointed for a second term and has also been designated to serve as chair of the Seattle Branch Board in 2024: John WolfeChief Executive OfficerNorthwest Seaport Alliance (NWSA)Tacoma, Washington About the Boards of DirectorsThe Federal Reserve Act of 1913 requires each of the 12 Reserve Banks to operate […]
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Federal Reserve Bank of San Francisco Announces Appointment of New Twelfth District Federal Advisory Council Member
SAN FRANCISCO – The Federal Reserve Bank of San Francisco (Twelfth District) has announced the appointment of Robert (Bob) Harrison, chairman, president and chief executive officer of First Hawaiian Bank and First Hawaiian Inc. in Honolulu, Hawaii, to serve as its Twelfth District Federal Advisory Council member effective January 1, 2024. About the Federal Advisory CouncilThe Federal Advisory Council (FAC), which is composed of twelve representatives of the banking industry, consults with and advises the Federal Reserve System Board of Governors on all matters within its jurisdiction. The FAC ordinarily meets four times a year in Washington, D.C., the minimum number of meetings required […]
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Membership and Leadership Announcements for the Federal Reserve Bank of San Francisco’s Community Advisory Council
SAN FRANCISCO – The Federal Reserve Bank of San Francisco announced the newest members of its Community Advisory Council (CAC), as well as a new vice chair, effective January 1, 2024. The CAC’s newest members include: Erin AbrahamsonChief of StaffNational Center for American Indian Enterprise DevelopmentMesa, Arizona Ricardo FloresExecutive DirectorLocal Initiatives Support Corporation – San DiegoSan Diego, California In addition, a new vice chair of the Council for 2024 has been appointed: Ryan KusumotoPresident and Chief Executive OfficerParents and Children Together (PACT) – HawaiiHonolulu, Hawaii About the Community Advisory CouncilEstablished in 2017, the Twelfth District Community Advisory Council (CAC) serves as an important […]
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Membership and Leadership Announcements for the Federal Reserve Bank of San Francisco’s Community Depository Institutions Advisory Council
SAN FRANCISCO – The Federal Reserve Bank of San Francisco announced the newest member of the Twelfth District’s Community Depository Institutions Advisory Council (CDIAC), as well as a new chair, effective January 1, 2024. The CDIAC’s newest member is: Jeff NewgardChairman, President and Chief Executive OfficerBank of IdahoIdaho Falls, Idaho In addition, a new CDIAC chair has been appointed for 2024: Catherine NgoChairCentral Pacific Financial CorpHonolulu, Hawaii About the Community Depository Institutions Advisory CouncilEstablished in 2010 by the Board of Governors, the Community Depository Institutions Advisory Council (CDIAC) is a group that represents banks, thrift institutions, and credit unions of various sizes within […]
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Membership Announcements for the Federal Reserve Bank of San Francisco’s Economic Advisory Council
SAN FRANCISCO — The Federal Reserve Bank of San Francisco announced the newest members of its Economic Advisory Council (EAC), effective January 1, 2024. The EAC’s newest members include: Krystal BurgeChairwoman and Co-OwnerDesert De Oro FoodsKingman, Arizona Patrick DukeSenior Vice President and Chief Financial OfficerDoyon LimitedAnchorage, Alaska Garrett LoftoPresident and Chief Executive OfficerJ.R. Simplot CompanyBoise, Idaho About the Economic Advisory CouncilThe Twelfth District Economic Advisory Council (EAC) is a source of information on current and pending economic developments in the Twelfth District. The members provide observations, opinions, and advice to members of the boards of directors and management of the Federal Reserve […]
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Statement on Transparency and Accountability Policy at the 12 Federal Reserve Banks
In the interest of further strengthening the Federal Reserve System’s commitment to transparency, today the 12 Federal Reserve Banks released a common policy for public requests for information. The Transparency and Accountability Policy will go into effect January 1, 2024, and seeks to simplify and standardize the Federal Reserve Banks’ public information request process. A link to the policy can be found here and is now available on each Reserve Bank’s website. The New York Fed has issued this statement on behalf of the 12 Reserve Banks.
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Statement on Transparency and Accountability by the 12 Federal Reserve Banks
The Federal Reserve Banks are committed to transparency and accountability and each Reserve Bank has existing procedures for providing information to the public. In the interest of further strengthening transparency and accountability, the 12 Reserve Banks have agreed to adopt a common policy for public requests for information and expect to implement this policy by the end of this year. Additional information on the policy will be available on each Reserve Bank’s website later this year.
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Membership Appointments Announced for the Federal Reserve Bank of San Francisco’s Community Depository Institutions Advisory Council
SAN FRANCISCO – The Federal Reserve Bank of San Francisco announced the newest members of the Twelfth District’s Community Depository Institutions Advisory Council (CDIAC), effective January 1, 2023. The new CDIAC members are Catherine Ngo, chair of Central Pacific Financial Corp, Honolulu, Hawaii; Denise Portmann, president and chief executive officer, Bank of the Pacific, Aberdeen, Washington; and Spencer White, president and chief executive officer, Utah Independent Bank, Salina, Utah. Catherine Ngo Catherine Ngo Ms. Ngo is the Chair of Central Pacific Financial Corp (NYSE: CPF) since January 1, 2023 (before that, Executive Vice-Chair since January 1, 2022). Prior to this, she served as […]