Press Releases

SAN FRANCISCO ­– Advance registration is now open for the next installment of the Federal Reserve Bank of San Francisco’s ongoing virtual series, The New Future of Work. On November 23rd, Mary C. Daly, president and CEO of the Federal Reserve Bank of San Francisco, will moderate a discussion about what the changes brought on by COVID-19 will mean for the people who live and work in America’s cities. As new, remote work options decouple employees from their employers’ physical locations, panelists will discuss the future of city centers across the country, the urban and rural divide, and how small businesses […]

San Francisco, CA – The Federal Reserve Bank of San Francisco has announced the appointment of Luz Urrutia, chief executive officer of Accion Opportunity Fund, to the Bank’s Community Advisory Council (CAC). Ms. Urrutia joined Opportunity Fund in 2017, helping to scale and deepen the impact of the non-profit Community Development Financial Institution (CDFI) in California while expanding its reach nationwide. She began her career at Wachovia, where she spent 18 years, before founding El Banco de Nuestra Comunidad, a community bank based in Atlanta, Georgia serving the underbanked LatinX population. Ms. Urrutia has served on the Consumer Financial Protection Bureau’s […]

San Francisco, CA – The Federal Reserve Bank of San Francisco has announced the appointments of Bob Hazleton, president of The Herrick Corporation; James Healy, chief executive officer of Digital Disbursements; Eric L. Kelly, chairman and chief executive officer of Overland-Tandberg; Paul A. King, president and chief executive officer of Stanford Children’s Health and the Lucile Packard Children’s Hospital Stanford; and Sergio Retamal, chief executive officer of Global4PL, to the Bank’s Economic Advisory Council (EAC). Mr. Hazleton is the president of The Herrick Corporation, a steel fabrication and erection company. He began working at Herrick in 2002. He previously worked as the […]

SAN FRANCISCO, Calif. ­– Tomorrow, the Federal Reserve Bank of San Francisco will livestream the first in a series of virtual discussions focused on what’s next for employers and employees once the Covid-19 pandemic is behind us. The New Future of Work discussion series will begin with a conversation exploring the tensions facing dynamic work environments, including insights into the core needs of our future workforce. The conversation will be moderated by Mary Daly, president and CEO of the Federal Reserve Bank of San Francisco. Featured panelists include: Arianna Huffington, founder and CEO of Thrive Global, founder of The Huffington Post, […]

The Federal Reserve System’s Cash Product Office announced today that Giesecke+Devrient Currency Technology America, Inc. (G+D) was awarded a new contract to build the central bank’s next generation of high-speed currency processing equipment (NextGen). “This NextGen machine will be the foundation for our currency processing operations well into the future,” said Mark Gould, CPO Product Director. “Effective cash processing equipment is critical to our public mission in meeting global demand for U.S. currency, ensuring the quality and integrity of currency in circulation, and maintaining cost-effective operations.” The Federal Reserve System’s Cash Product Office provides strategic leadership by formulating and implementing service […]

A majority of consumers, 70 percent of those surveyed, say that COVID-19 concerns have not caused them to avoid carrying or storing cash, according to a recent survey conducted by the Federal Reserve System’s Cash Product Office (CPO) and the Federal Reserve Bank of Atlanta. The Federal Reserve conducts an annual consumer survey to better understand payment behavior and preferences. Since the last study in October 2019, before the spread of COVID-19, the Fed completed a follow-up survey in May 2020 to understand changes in payment practices since the start of the pandemic. The Federal Reserve Bank of San Francisco recently […]

SAN FRANCISCO, Calif. ­– The Federal Reserve Bank of San Francisco announced today it will host a series of virtual research seminars on the economics of climate change. The online seminars will draw on a range of topics from macroeconomics, microeconomics, finance, econometrics, and environmental economics. The first session in the series will take place July 16 at 8:00 AM Pacific Time. The session will feature Harvard University economics professor James H. Stock speaking about the macroeconomic impact of Europe’s carbon taxes. The 50-minute talk will be followed by a discussion and Q&A. The virtual seminars are open to anyone interested […]

The Federal Reserve Bank of San Francisco on Tuesday announced that it will co-host with the Federal Reserve Board a series of “innovation office hours” with banks and companies engaged in digital innovations in financial services. Scheduled for Aug 11-13, 2020, this upcoming round of innovation office hours follows a similar event at the Federal Reserve Bank of Atlanta, which took place in February. The sessions are a convenient way for banks and financial technology firms to meet one-on-one with employees of the San Francisco Fed and the Federal Reserve Board to discuss technological services that firms are offering or may […]

Seattle, Washington – The Federal Reserve Bank of San Francisco has appointed Carol Gore, president and chief executive officer of Cook Inlet Housing Authority (CIHA) in Anchorage, Alaska, to its Seattle branch board of directors. Carol Gore Download high resolution photo (jpg, 58 kb) Ms. Gore has been president and chief executive officer of CIHA since 2000. CIHA was established in 1974 and is engaged in construction, development, management and operations of mixed-income and mixed-use affordable housing. CIHA owns and manages a portfolio of more than 1,600 units in seven neighborhoods, three rural communities and two towns, all located in Southcentral […]

Los Angeles, California – The Federal Reserve Bank of San Francisco has appointed Maritza Diaz, chief executive officer of iTjuana, a technology services company based in the San Diego area that enables customers to create technology centers of excellence in Tijuana, to its Los Angeles branch board of directors. Maritza Diaz Download high resolution photo (jpg, 595 kb) Ms. Diaz brings over 20 years of U.S. and international experience in information technology and software engineering. Prior to becoming the chief executive officer of iTjuana, Ms. Diaz served as senior director at Thermo Fisher Scientific where she was responsible for growing the […]