PORTLAND, Ore. – The Federal Reserve Bank of San Francisco has announced two reappointments to its Portland Branch Board of Directors, effective January 1, 2022.
Gale Castillo, president of Cascade Centers, Inc. in Portland, Oregon, has been reappointed by the Federal Reserve Board of Governors.
In addition, the Bank reappointed Stacey M.L. Dodson, market president of Portland and Southwest Washington at U.S. Bank in Portland, Oregon.
The Bank also announced Anne C. Kubisch, president and chief executive officer of The Ford Family Foundation in Roseburg, Oregon, has been re-designated as chair of the Portland Branch Board.
The remaining members of the Portland Branch Board of Directors include:
- Graciela Gomez Cowger, chief executive officer, Schwabe, Williamson & Wyatt, Portland, Oregon
- Hilary K. Krane, executive vice president, chief administrative officer, and general counsel, NIKE Inc., Beaverton, Oregon
- Maria Pope, president and chief executive officer, Portland General Electric Company, Portland, Oregon
- Cheryl Nester Wolfe, president and chief executive officer, Salem Health Hospitals and Clinics, Salem, Oregon
About the Boards of Directors
The Federal Reserve Act of 1913 requires each of the 12 Reserve Banks to operate under the supervision of a board of directors. The Federal Reserve Bank of San Francisco’s Head Office is governed by nine directors who represent the interests of the 12th Reserve District and whose experience provides the Bank with a wider range of expertise that helps it fulfill its policy and operational responsibilities. The nine directors of each Reserve Bank are divided evenly by classification: Class A directors represent the member banks in the District; Class B directors and Class C directors represent the interests of the public. In the case of the Federal Reserve Bank of San Francisco, its four branches in Los Angeles, Portland, Salt Lake City and Seattle each have a separate seven-member branch board.
The Federal Reserve Bank of San Francisco (SF Fed) works to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth Federal Reserve District, which covers the nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. By pursuing our two key goals of maximum employment and price stability—known as the Fed’s dual mandate—we work toward supporting an economy that works for everyone.