Press Releases

  • Pandemic Continues to Affect Consumer Payments

    The 2022 Diary of Consumer Payment Choice finds the share of payments made in cash increased slightly while consumers’ cash holdings remained elevated.

  • Federal Reserve Bank of San Francisco Announces Appointment of Mark W. Packard to the Salt Lake City Branch Board of Directors

    Salt Lake City — The Federal Reserve Bank of San Francisco announced that it has appointed Mark W. Packard to its Salt Lake City Branch Board of Directors, effective February 1, 2022. He will replace Len Williams, former president and chief executive officer of Altabank in American Fork, Utah, who retired from the Branch’s board. Mark W. Packard Packard is the president, chief executive officer and vice chair of Central Bank, a community bank in Utah that was established in 1891. A fifth-generation banker, Packard started at Central Bank in 1983 as a teller and has worked in various positions throughout […]

  • New Chair and Membership Appointments Announced 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). New members of the EAC include: Selena Cuffe, co-founder of Heritage Link Brands and president of SodexoMagic in Beverly Hills, California; Paul Kosasa, president and chief executive officer of ABC Stores in Honolulu; and Karl Sun, co-founder and chief executive officer of Lucid Software in South Jordan, Utah. Their terms are effective January 1, 2022. Selena Cuffe Selena Cuffe In addition to Ms. Cuffe’s roles as co-founder of Heritage Link Brands and president of SodexoMagic, she is a certified mediator serving […]

  • New Chair and 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 its Community Depository Institutions Advisory Council (CDIAC), effective January 1, 2022. The new CDIAC members are Samuel D. Jimenez, chief executive officer of 1st Capital Bank in Salinas, California; Noor Menai, president and chief executive officer of CTBC Bank Corp. USA in Los Angeles; Patty Mongold, president and chief executive officer of Mt. McKinley Bank in Fairbanks, Alaska; Harold Roundtree, chief executive officer of UNCLE Credit Union in Livermore, California; and Stacy Watkins, president and chief executive officer of Lexicon Bank in Las Vegas. Samuel D. […]

  • New Chair and Membership Appointments Announced 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), whose terms are effective January 1, 2022. New CAC members include: David Castillo, chief executive officer, Native Community Capital, Tempe, Arizona; and Silvia Castro, executive director, Suazo Business Center, Salt Lake City, Utah. David Castillo David Castillo Mr. Castillo is chief executive officer of Native Community Capital, a nonprofit, Treasury-certified Native Community Development Financial Institution with offices in New Mexico and Arizona. He previously worked with Inter Tribal Council of Arizona, Inc. Mr. Castillo serves on the board of directors of New Mexico […]

  • 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 to its Seattle Branch Board of Directors, effective January 1, 2022. Pallavi Mehta Wahi, United States co-managing partner of K&L Gates LLP in Seattle, was appointed by the Federal Reserve Board of Governors, and Michael A. Senske, chairman and chief executive officer of Pearson Packaging Systems in Spokane, Washington, was appointed by the Bank. Pallavi Mehta Wahi Pallavi Mehta Wahi In addition to serving as the U.S. co-managing partner of K&L Gates (with 46 offices worldwide and 24 offices in the United States), Ms. Wahi serves as […]

  • New Membership and Leadership 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 has announced two reappointments to its Salt Lake City Branch Board of Directors, effective January 1, 2022. O. Randall (Randy) Woodbury, president and chief executive officer of Woodbury Corp. in Salt Lake City was reappointed by the Federal Reserve Board of Governors; and Lisa Grow, president and chief executive officer of IDACORP and Idaho Power in Boise, Idaho, was reappointed by the Bank. In addition, Mr. Woodbury was designated chair of the Salt Lake City Branch Board. The remaining members of the Salt Lake City Branch Board of Directors include: […]

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

    PORTLAND, Ore. – The Federal Reserve Bank of San Francisco has announced two reappointments to its Portland Branch Board of Directors, effective January 1, 2022. Gale Castillo, president of Cascade Centers, Inc. in Portland, Oregon, has been reappointed by the Federal Reserve Board of Governors. In addition, the Bank reappointed Stacey M.L. Dodson, market president of Portland and Southwest Washington at U.S. Bank in Portland, Oregon. The Bank also announced Anne C. Kubisch, president and chief executive officer of The Ford Family Foundation in Roseburg, Oregon, has been re-designated as chair of the Portland Branch Board. The remaining members of the […]

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

    LOS ANGELES – The Federal Reserve Bank of San Francisco has announced two new appointments to its Los Angeles Branch Board of Directors, effective January 1, 2022. Rosemary A. Vassiliadis, director of aviation for Clark County, Nevada, was appointed by the Federal Reserve Board of Governors. Additionally, the Bank has appointed Jimmy Ayala, division president of Tri Pointe Homes in San Diego, as a director. Rosemary A. Vassiliadis Rosemary A. Vassiliadis Ms. Vassiliadis was appointed to lead the Clark County Aviation Department in 2013. Prior to leading the department, she served as deputy director. Ms. Vassiliadis serves on the boards of […]

  • Federal Reserve Bank of San Francisco Announces Reappointment of Nandita Bakhshi to the Federal Advisory Council

    SAN FRANCISCO – The Federal Reserve Bank of San Francisco (12th District) has announced the reappointment of Nandita Bakhshi, president and chief executive officer of Bank of the West and co-chief executive officer of BNP Paribas USA Inc., to represent the 12th District on the Federal Advisory Council for another one-year term beginning January 1, 2022. Nandita Bakhshi In addition to her roles as president and chief executive officer of Bank of the West and co-chief executive officer of BNP Paribas USA Inc., Ms. Bakhshi also serves on both organizations’ boards of directors and executive management committees. Bank of the West […]