Seattle, WA — Susan Sutherland will be expanding her responsibilities to include oversight of the Seattle Branch Office and its board of directors, effective March 1, 2014. Ms. Sutherland is currently senior vice president, human resources and statistics, and director of the Office of Diversity & Inclusion for the Federal Reserve Bank of San Francisco. She succeeds Mark Gould, who was recently appointed first vice president and chief operating officer of the Federal Reserve Bank of San Francisco.
The Seattle branch office serves the largest geographic area in the Federal Reserve System, including financial institutions in Washington, Oregon, Alaska, northern Idaho and Hawaii. Its Board of Directors provides the region’s economic perspective to the Federal Reserve Bank’s Board of Directors in San Francisco.
Ms. Sutherland joined the Federal Reserve Bank of San Francisco in 1988 and worked in a variety of functions with increasing responsibility, primarily in financial services, operations, and administrative areas. She was promoted to senior vice president in 1999. She has a bachelor’s degree from Wesleyan University and a master’s degree in organizational development from Pepperdine University. In addition to her Bank responsibilities, she has been very active in the Bay Area community, and currently chairs the Board of the United Way of Bay Area (UWBA). She is also a founding member of UWBA’s Women Leadership Council.
The Federal Reserve System was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. By November 16, 1914, the 12 cities chosen as sites for regional Reserve Banks were open for business. To learn more about the Fed’s Centennial see http://www.federalreservehistory.org/.
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.