SALT LAKE CITY – The Federal Reserve Bank of San Francisco announced the newest member of its Salt Lake City Branch Board of Directors, effective January 1, 2023.
The Bank appointed José Enriquez, chief executive officer and founder of Latinos In Action, to its Salt Lake City Board.
Dr. Enriquez is the founder and chief executive officer of the Latinos In Action education program in Sandy, Utah. Latinos in Action was awarded the White House’s Bright Spot Award for Hispanic Education in 2015. Prior to his current role, Dr. Enriquez was a former coordinator of Title III and Special Programs at the Utah State Office of Education. His experience in education includes 11 years of service in school districts in Alpine and Provo, Utah, where he served as an assistant principal and Spanish teacher.
Dr. Enriquez is also the founding president of the Utah affiliate of the Association of Latino Administrators and Superintendents. He was appointed as a commissioner on volunteerism by the Utah Commission on Volunteers in 2010, and as a governor-appointed commissioner to the Office of Multicultural Affairs in 2012. He holds a doctorate in educational leadership, a master’s in educational leadership and a bachelor’s degree, all from Brigham Young University.
The Bank also announced that Russell (Chip) Childs, chief executive officer and president of SkyWest, Inc. and formerly a Board of Governors-appointed director, is now a Bank-appointed director. In addition, Deneece Huftalin, president of Salt Lake Community College, is now a Board of Governors-appointed director.
The remaining members of the Salt Lake City Branch Board of Directors include:
- Branch Board Chair O. Randolph Woodbury, vice chairman, Woodbury Corp., Salt Lake City
- Susan Morris, executive vice president and chief operating officer, Albertsons, Boise, Idaho
- Lisa Grow, president and chief executive officer, IDACORP and Idaho Power, Boise, Idaho
- Mark Packard, president and chief executive officer, Central Bank, Provo, Utah
About the Boards of Directors
The 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 Francisco’s head office is governed by nine directors who represent the interests of the 12th Reserve District and whose experience provides the Bank with a wider range of expertise that helps it fulfill its policy and operational responsibilities. The nine directors of each Reserve Bank are divided evenly by classification: Class A directors represent the member banks in the District; Class B directors and Class C directors represent the interests of the public. In the case of the Federal Reserve Bank of San Francisco, its four branches in Los Angeles, Portland, Salt Lake City, and Seattle each have a separate seven-member branch board.
The Federal Reserve Bank of San Francisco (SF Fed) serves the public by promoting a healthy, sustainable economy, and supporting the nation’s financial and payment systems. With offices in Los Angeles, Seattle, Salt Lake City, Portland and Phoenix, the Bank serves the Twelfth Federal Reserve District, which includes one-fifth of the nation’s population and represents the world’s fourth-largest economy. As part of the nation’s central bank, the SF Fed informs monetary policy, regulates banks, administers certain consumer protection laws and acts as a financial partner to the U.S. government.