PORTLAND – The Federal Reserve Bank of San Francisco has announced the newest member of its Portland Branch Board of Directors, as well as three reappointments and a new chair, effective January 1, 2024.
The Portland Board’s newest director is:
Patrick Criteser
President and Chief Executive Officer
Tillamook County Creamery Association
Tillamook, Oregon
Directors reappointed for a second term include:
Alicia Chapman
Owner and Chief Executive Officer
Willamette Technical Fabricators
Portland, Oregon
Andrew Colas
President and Chief Executive Officer
Colas Construction, Inc.
Portland, Oregon
Graciela Gomez Cowger
Chief Executive Officer
Schwabe, Willamson & Wyatt
Vancouver, Washington
In addition, the following director was designated to serve as Chair of the Portland Branch Board in 2024:
Gale Castillo
Owner and President
Canopy
Portland, 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 Board 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.