James H. Herbert, II, Reappointed to the Federal Advisory Council
San Francisco, California — The Federal Reserve Bank of San Francisco’s board of directors has reappointed James H. Herbert, II, chairman and CEO (Founder) of First Republic Bank, to represent the District on the Federal Advisory Council beginning January 1, 2019. Mr. Herbert was first appointed to the board of directors on April 1, 2018.
James H. Herbert, II
Download high resolution photo (pdf, 455 kb)
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. Herbert is chairman and CEO (Founder) of First Republic Bank, a private bank and wealth management business with more than $95 billion in bank assets and over $130 billion in wealth management assets. Before founding First Republic Bank in 1985, Mr. Herbert was founding President and CEO of San Francisco Bancorp. He holds a bachelor’s degree from Babson College and an MBA from New York University.
Federal Reserve Bank of San Francisco
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.