Press Releases

LOS ANGELES – The Federal Reserve Bank of San Francisco has announced two new appointments to its Los Angeles Branch Board of Directors, effective January 1, 2022. Rosemary A. Vassiliadis, director of aviation for Clark County, Nevada, was appointed by the Federal Reserve Board of Governors. Additionally, the Bank has appointed Jimmy Ayala, division president […]

SAN FRANCISCO – The Federal Reserve Bank of San Francisco (12th District) has announced the reappointment of Nandita Bakhshi, president and chief executive officer of Bank of the West and co-chief executive officer of BNP Paribas USA Inc., to represent the 12th District on the Federal Advisory Council for another one-year term beginning January 1, […]

SAN FRANCISCO – The Federal Reserve Bank of San Francisco has announced new leadership designations and appointments to its Head Office Board of Directors, effective January 1, 2022. Tamara Lundgren, chairman, president and chief executive officer of Schnitzer Steel Industries, Inc. in Portland, Oregon, is now the chair of the San Francisco Head Office Board […]

SAN FRANCISCO – The board of directors of the Federal Reserve Bank of San Francisco has appointed Sarah Devany first vice president and chief operating officer, effective Dec. 1. Devany’s appointment, which was approved by the Board of Governors of the Federal Reserve System, makes her the number two ranking officer of the San Francisco […]

SAN FRANCISCO – The ways U.S. consumers use cash and other payment methods continue to show the marks of the COVID-19 pandemic, with households holding modestly higher amounts of cash while also migrating toward not-in-person payments, according to a recent survey conducted by the Federal Reserve System’s Cash Product Office (CPO) and the Federal Reserve […]

SAN FRANCISCO — The Federal Reserve Bank of San Francisco has been named one of the top two places to work in the annual list of the 100 Best Companies for 2021 according to an annual list by Seramount (formerly Working Mother Media). This year’s winners are focusing on providing inclusive benefits for families—including paid, […]

SAN FRANCISCO—The Federal Reserve Bank of San Francisco is partnering with the Aspen Institute to host “Fintech, Racial Equity, and an Inclusive Financial System,” a panel event and publication exploring the most pressing questions about how the push for racial equity intersects with financial technology. The event will take place on August 25, 2021. Registration […]

Contest winners earn a $1,000 prize and an invitation to become an Economic Research scholar at the SF Fed. SAN FRANCISCO – The Federal Reserve Bank of San Francisco is announcing a new essay contest for doctoral students in economics to explore the underlying causes and economic consequences of gender and racial inequities. The new […]

SAN FRANCISCO – The Federal Reserve Bank of San Francisco’s board of directors today announced the search for the Bank’s first vice president and chief operating officer. The incumbent, Mark A. Gould, was recently named the Federal Reserve System’s first chief payments executive. The first vice president and chief operating officer is integral to the […]

SAN FRANCISCO – The Federal Reserve System’s Cash Product Office has released a report in its ongoing research on payment habits of the U.S. population. Changes in payment preferences due to the COVID-19 pandemic are reflected in a surge of non-in-person payments over the past year. The use of cash appeared to rebound during the […]