District Circular Letters
The Federal Reserve Bank of San Francisco uses circular letters to communicate new policies and announcements to institutions in the Twelfth Federal Reserve District.
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Results of Director Elections
This letter is in regard to the election of directors of this Bank to succeed Mr. Peter S. Ho, a Class A director, elected by banks in Group One, and Mr. Steven E. Bochner, a Class B director, elected by banks in Group Three, whose terms end on December 31, 2018, respectively. These elections have been duly held in accordance with the requirements of Section 4 of the Federal Reserve Act and the provisions of the circulars issued by this office dated July 11 and August 22, 2018.
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Election of Directors
In accordance with the provisions of Section 4 of the Federal Reserve Act and the announcement dated July 11, 2018, the Federal Reserve Bank of San Francisco is conducting an election of directors to succeed Mr. Peter S. Ho, a Class A director, elected by banks in Group One, and Mr. Steven E. Bochner, a Class B director, elected by banks in Group Three, whose terms end on December 31, 2018.
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New Member Bank – Nano Banc
The Federal Reserve Bank of San Francisco, acting under delegated authority, has approved the application of Nano Banc, Murrieta, California, for membership in the Federal Reserve System.
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Election of Directors Nomination Procedures
Federal Reserve Bank of San Francisco
The Federal Reserve Bank of San Francisco will conduct an election under the provisions of Section 4 of the Federal Reserve Act for the positions held by the directors of this Bank whose terms expire on December 31, 2018
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New Member Bank – CalWest Bank
The Federal Reserve Bank of San Francisco, acting under delegated authority, has approved the application of South County Bank, N.A., Rancho Santa Margarita, California, to retain membership in the Federal Reserve System following its conversion to a state-chartered bank, effective today. The bank has been renamed CalWest Bank.
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Rates of Interest on Advances and Discounts
The rates on advances and discounts made by the Federal Reserve Bank of San Francisco pursuant to the provisions of the Federal Reserve Act and Regulation A will change on December 14, 2017.
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Results of Director Elections
This letter is in regard to the election of directors of this Bank to succeed Mr. Richard A. Galanti, a Class B director, elected by banks in Group Two, and Ms. Megan F. Clubb, a Class A director, elected by banks in Group Three, whose terms end on December 31, 2017. These elections have been duly held in accordance with the requirements of Section 4 of the Federal Reserve Act and the provisions of the circulars issued by this office dated July 19 and September 7, 2017.
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Election of Directors
In accordance with the provisions of Section 4 of the Federal Reserve Act and the announcement dated July 19, 2017, the Federal Reserve Bank of San Francisco is conducting an election of directors to succeed Mr. Richard A. Galanti, a Class B director, elected by banks in Group Two, and Ms. Megan F. Clubb, a Class A director, elected by banks in Group Three, whose terms end on December 31, 2017. There are given herein the names of the candidates nominated and the names of the banks which made the nominations.
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Election of Directors Nomination Procedures
The Federal Reserve Bank of San Francisco will conduct an election under the provisions of Section 4 of the Federal Reserve Act for the positions held by the directors of this Bank whose terms expire on December 31, 2017.
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Rates of Interest on Advances and Discounts
The rates on advances and discounts made by the Federal Reserve Bank of San Francisco pursuant to the provisions of the Federal Reserve Act and Regulation A will change on June 15, 2017.