Press Releases
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Charles A. Wilhoite and Steven J. Zika Appointed to the Portland Branch Board of the Federal Reserve Bank of San Francisco
Charles A. Wilhoite Portland, OR – The Federal Reserve Bank of San Francisco has appointed Charles A. Wilhoite, managing director and national director of health care services at Willamette Management Associates, and Steven J. Zika, chief executive officer and director at Hampton Affiliates, to its Portland Branch board of directors, effective January 1, 2015. At […]
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Leadership and Membership Announcements for the Federal Reserve Bank of San Francisco’s Los Angeles Branch Board of Directors
James A. Hughes Los Angeles, CA – The Federal Reserve Bank of San Francisco appointed James A. Hughes chairman of the Los Angeles Branch board of directors, effective January 1, 2015. In addition, Ilyanne Morden Kichaven, SAG-AFTRA Executive Director, Los Angeles Local, and Robert H. Gleason, president and CEO of Evans Hotels, were appointed to […]
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John G. Stumpf Appointed to the Federal Advisory Council
John G. Stumpf San Francisco, CA — The Federal Reserve Bank of San Francisco’s board of directors has appointed John G. Stumpf, chairman, president, and CEO of Wells Fargo & Company to represent the District on the Federal Advisory Council for a one-year term beginning January 1, 2015. Mr. Stumpf succeeds Michael Shepherd, chairman and […]
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Leadership and Membership Appointments Announced for the Federal Reserve Bank of San Francisco’s Community Depository Institutions Advisory Council
San Francisco, CA — Janet Garufis, president and CEO of Montecito Bank & Trust, Santa Barbara, CA, was appointed chair of the Federal Reserve Bank of San Francisco’s Community Depository Institutions Advisory Council (CDIAC). Ms. Garufis has been on the council since January 2014. Ms. Garufis began her career more than 40 years ago with […]
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Leadership and Membership Announcements for the Federal Reserve Bank of San Francisco’s Board of Directors
Roy A. Vallee San Francisco — The Board of Governors of the Federal Reserve System designated Roy A. Vallee as chairman of the Federal Reserve Bank of San Francisco’s board of directors, and Alexander R. Mehran as deputy chairman, effective January 1, 2015. Mr. Vallee was also reappointed as a Class C director for a […]
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SF Fed featured in ’10 Things You Don’t Know About: The Almighty Dollar’
The SF Fed is featured in the latest episode of the popular H2 series ’10 Things You Don’t Know About.’ Host Henry Rollins takes a close look at money in this segment with the help of SF Fed which granted the production team access to its Los Angeles cash operations. For more information, check out […]
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San Francisco Fed President Williams sees Rate Hikes Likely in Mid-2015
Las Vegas, Nevada — The Federal Reserve will likely lift the federal funds rate in mid-2015, said San Francisco Fed President John C. Williams on Thursday, though that decision is dependent on continued economic improvement and will be “data-driven, not date-driven.” He made the comments in prepared remarks to a luncheon for community and business […]
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Fed’s Williams on Accommodative Stance: “The Bottom Line is, it has Worked”
San Francisco, 30 June, 2014 — The Federal Reserve’s continued accommodation has been absolutely the right stance to take, John C. Williams, president and CEO of the San Francisco Federal Reserve said today. “It was Milton Friedman—one of the greatest economists of the past century and a leading expert on the Great Depression—who taught us […]
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Fed’s Williams: We’re on the Road to Normal
San Francisco, CA — While it will be a slow and cautious process, monetary policy is on the road to normalization, according to John C. Williams, president and CEO of the Federal Reserve Bank of San Francisco. In a speech to the Association of Trade and Forfaiting in the Americas (ATFA), Williams said, “We’ll […]
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The Federal Reserve Bank of San Francisco, the Office of the Comptroller of the Currency, and the U.S. Department of the Treasury’s Community Development Financial Institutions Fund Announce the 2014 Community Reinvestment Award Winners
Chicago, IL – The Federal Reserve Bank of San Francisco, the Office of the Comptroller of the Currency, and the U.S. Department of the Treasury’s Community Development Financial Institutions Fund are proud to present the 2014 Community Reinvestment Awards. This year’s awards focus on cross-sector community development collaborations. The community development field recognizes that no […]