Office of the President

Mary C. Daly, President and Chief Executive Officer

Mary C. Daly is the President and CEO of the Federal Reserve Bank of San Francisco. As a participant on the Federal Open Market Committee, she helps set American monetary policy that promotes a healthy and stable economy.

Since taking office in October 2018, Dr. Daly has committed to making the San Francisco Fed a more community-engaged bank that is transparent and responsive to the people it serves. She works to connect economic principles to real-world concerns and is a sought-after speaker on monetary policy, labor economics, and increasing diversity within the economics field.

Dr. Daly began her career with the San Francisco Fed in 1996 as an economist specializing in labor market dynamics and economic inequality. She went on to become the Bank’s Executive Vice President and Director of Research. She currently serves on advisory boards for the Center for First-generation Student Success and the Maxwell School of Citizenship and Public Affairs at Syracuse University. She has also served on the advisory boards of the Congressional Budget Office, the Social Security Administration, the Office of Rehabilitation Research and Training, the Institute of Medicine, and the Library of Congress.

Dr. Daly earned a bachelor’s degree from the University of Missouri-Kansas City, a master’s degree from the University of Illinois Urbana-Champaign and a Ph.D. from Syracuse University. She also completed a National Institute of Aging post-doctoral fellowship at Northwestern University.

A native of Ballwin, Missouri, Dr. Daly now lives in Oakland, California, with her wife Shelly.

Updated June 2020

Recent Presidents
Past Presidents
Presidents of the 12th District

The Federal Reserve Act provides that the president of a Federal Reserve Bank shall be the chief executive officer of the Bank, appointed by the board of directors of the Bank, with the approval of the Board of Governors of the Federal Reserve System, for a term of five years. Twelve individuals have led the Federal Reserve Bank of San Francisco, ranging in terms of service from one year to 18 years. The first three leaders held the title “Governor.” The Banking Act of 1935 abolished the dual role of governor and agent and created a single leadership role – president.

To learn more about Federal Reserve Bank Presidents throughout the System, visit the Federal Reserve Board of Governors site.

Archibald Kains

Archibald Kains

Served 1914-1917, resigned July 1917

James Kennedy Lynch

James Kennedy Lynch

Served 1917-1919

John Uberto Calkins, Sr.

John Uberto Calkins, Sr.

Served 1919-1936, retired March 1936

William Aymar Day

William Aymar Day

Served 1936-1945, retired December 31, 1945

Ira Clerk

Ira Clerk

Served 1946

Cecil Earl Earhart

Cecil Earl Earhart

Served 1946-1956, retired February 29, 1956

Hermann N. Mangels

Hermann N. Mangels

Served 1956-1961, retired February 28, 1961

Eliot J. Swan

Eliot J. Swan

Served 1961-1972, retired June 1, 1972

John. J. Balles

John. J. Balles

Served 1972-1986, retired February 1, 1986

Robert T. Parry

Robert T. Parry

Served 1986-2004, retired May 16, 2004

Janet L. Yellen

Janet L. Yellen

Served 2004-2010, left October 4, 2010, to serve as Vice Chair of the Federal Reserve Board of Governors

John C. Williams

John C. Williams

2011 – Present