Press Releases
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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 […]
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Leadership announcement and membership changes announced for San Francisco Federal Reserve’s Economic Advisory Council
Donald R. Knauss Charles A. Wilhoite San Francisco, CA – The Federal Reserve Bank of San Francisco announced that Alfred A. Plamann, retired CEO of Unified Grocers, Inc., and Tracey C. Doi, group vice president and CFO of Toyota Motor Sales, USA, Inc., were reappointed as chair and vice chair of the Federal Reserve Bank […]
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Fed’s Williams Talks Qualitative Guidance
New York, NY — The time is ripe for a return to qualitative forward guidance, said John C. Williams, President and CEO of the Federal Reserve Bank of San Francisco. In remarks to the Money Marketeers of New York University, Mr. Williams said that the Federal Reserve’s introduction in 2011 of specific quantitative guidance […]
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Membership Appointments Announced for the Federal Reserve Bank of San Francisco’s Community Depository Institutions Advisory Council
San Francisco, CA — The Federal Reserve Bank of San Francisco announced that Adriana M. Boeka, president and CEO, Americas United Bank, Glendale, CA; David E. Doss, president and CEO, Arizona State Credit Union, Phoenix, AZ; Janet A. Garufis, president and CEO, Montecito Bank & Trust, Santa Barbara, CA; Kent A. Steinwert, chairman, president and […]
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Susan Sutherland to Lead the Federal Reserve Bank of San Francisco’s Seattle Branch Office
Susan Sutherland Seattle, WA — Susan Sutherland will be expanding her responsibilities to include oversight of the Seattle Branch Office and its board of directors, effective March 1, 2014. Ms. Sutherland is currently senior vice president, human resources and statistics, and director of the Office of Diversity & Inclusion for the Federal Reserve Bank of […]