Michael Shepherd Appointed to the Federal Advisory Council

October 13, 2011

Michael Shepherd

Michael Shepherd

San Francisco, CA — The Federal Reserve Bank of San Francisco’s board of directors has appointed Michael Shepherd, chairman and chief executive officer of Bank of the West and BancWest Corporation to represent the District on the Federal Advisory Council for a one-year term beginning January 2012. Mr. Shepherd succeeds Russell Goldsmith, chairman and CEO of City National Bank.

The Federal Advisory Council, a body created by the Federal Reserve Act, consists of one member—generally from the commercial banking industry—from each of the twelve Reserve Bank Districts. The council ordinarily meets four times a year with the Board of Governors in Washington, D.C., to discuss economic and banking matters. Members customarily serve three one-year terms.

Mr. Shepherd was president and chief executive officer of Bank of the West from 2008-2010, having served as president and chief operating officer from 2006. In April 2009, he was appointed president and chief executive officer of BancWest Corporation, which is also the parent company of First Hawaiian Bank. He joined the bank in 2004 as executive vice president and general counsel. He is also a member of the Executive Committee of BNP Paribas Retail Banking.

Mr. Shepherd serves as a director of the Presidio Trust, member of the FDIC Advisory Committee on Economic Inclusion, director of Operation HOPE, executive committee member of the Bay Area Council, chapter member of the Washington National Cathedral and director of the Financial Services Roundtable. He is a member of the Council on Foreign Relations.

Mr. Shepherd is a graduate of Stanford University and the University of Michigan Law School.

Matthew Schiffgens
Federal Reserve Bank of San Francisco
(415) 974-3246

Carol Eckert
Federal Reserve Bank of San Francisco
(415) 977-3853

The Federal Reserve Bank of San Francisco, with branch offices in Los Angeles, Seattle, Salt Lake City, and Portland, and a cash processing office in Phoenix, provides wholesale banking services to financial institutions throughout the nine western states. As the nation’s central bank, the Federal Reserve System formulates monetary policy, serves as a bank regulator, administers certain consumer protection laws, and is fiscal agent for the U.S. government. Follow us on Twitter at twitter.com/sffed.