Los Angeles, CA – The Federal Reserve Bank of San Francisco appointed Keith Smith chairman of the Los Angeles Branch board of directors, effective January 1, 2012. In addition, The Board of Governors of the Federal Reserve System appointed Mr. Smith for a three-year term commencing January 1, 2012.
Smith is the president and CEO of Las Vegas-based Boyd Gaming Corporation, owner and operator of 17 gaming entertainment properties in six states. He previously served a three-year term as director of the Los Angeles Branch board prior to his appointment as chairman.
The Los Angeles Branch board of directors provides economic perspective on the region to the Federal Reserve Bank of San Francisco’s board of directors.
Mr. Smith has almost 30 years of experience in the gaming industry, both in Las Vegas and Atlantic City. Currently, he serves as the chairman of the Nevada Resort Association, and on the Council for a Better Nevada. He is immediate past chairman of the American Gaming Association, and past vice chairman and audit chairman of the Las Vegas Convention and Visitors Authority. Mr. Smith received a bachelor’s degree in Accounting from Arizona State University.
The balance of the Los Angeles branch board includes:
Joseph C. Berenato, chairman, Ducommun Inc., Carson, CA.
Grace Evans Cherashore, president and CEO, Evans Hotels, San Diego, CA.
John C. Molina, CFO, Molina Healthcare, Inc., Long Beach, CA.
David I. Rainer, chairman, president and CEO, California United Bank, Encino, CA.
Andrew J. Sale, partner, Americas Automotive Leader, Ernst & Young LLP, Los Angeles, CA.
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.