District Circular Letters
The Federal Reserve Bank of San Francisco uses circular letters to communicate new policies and announcements to institutions in the Twelfth Federal Reserve District.
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Results of Director Elections
This letter is regarding the election of directors of this Reserve Bank to succeed: Mr. Clint E. Stein, a Class A director, elected by banks in Group One; Ms. Simone Lagomarsino, a Class A director, elected by banks in Group Two; and Mr. Arthur F. (Skip) Oppenheimer, a Class B director, elected by banks in Group Three. These elections have been duly held in accordance with the requirements of Section 4 of the Federal Reserve Act and the provisions of the circulars issued by this Reserve Bank on July 30, 2024 and August 21, 2024.
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Election of Directors
In accordance with the provisions of Section 4 of the Federal Reserve Act and the announcement amended and restated on July 30, 2024, the Federal Reserve Bank of San Francisco is conducting an election of directors to succeed: Mr. Clint E. Stein, a Class A director, elected by banks in Group One; Ms. Simone Lagomarsino, a Class A director, elected by banks in Group Two; and Mr. Arthur F. (Skip) Oppenheimer, a Class B director, elected by banks in Group Three.
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Election of Directors Nomination Procedures
The Federal Reserve Bank of San Francisco will conduct an election under the provisions of Section 4 of the Federal Reserve Act for the positions held by the directors of this Bank whose terms expire on December 31, 2024.
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Results of Director Elections
This letter is regarding the election of directors of this Bank to succeed: Mr. Greg Becker, a Class A director, elected by banks in Group One; Mr. S. Randolph Compton, a Class A director, elected by banks in Group Three; Mr. Carl Chang, a Class B director, elected by banks in Group One; and Ms. Karen Lee, a Class B director, elected by banks in Group Two. These elections have been duly held in accordance with the requirements of Section 4 of the Federal Reserve Act and the provisions of the circulars issued by this office dated August 17, 2023, and September 27, 2023.
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Election of Directors
In accordance with the provisions of Section 4 of the Federal Reserve Act and the announcement dated August 17, 2023, the Federal Reserve Bank of San Francisco is conducting an election of directors to succeed: Mr. Greg Becker, a Class A director, elected by banks in Group One; Mr. S. Randolph Compton, a Class A director, elected by banks in Group Three; Mr. Carl Chang, a Class B director, elected by banks in Group One; and Ms. Karen Lee, a Class B director, elected by banks in Group Two.
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Election of Directors Nomination Procedures
The Federal Reserve Bank of San Francisco will conduct an election under the provisions of Section 4 of the Federal Reserve Act for the positions held by the directors of this Bank whose terms expire on December 31, 2023.
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Results of Director Elections
This letter is in regard to the election of directors of this Bank to succeed Ms. Simone Lagomarsino (who is eligible for re-election), a Class A director, elected by banks in Group Two, and Mr. Sanford M. Michelman, a Class B director, elected by banks in Group One, both of whose terms end on December 31, 2022. These elections have been duly held in accordance with the requirements of Section 4 of the Federal Reserve Act and the provisions of the circulars issued by this office dated July 20 and September 1, 2022.
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Election of Directors
In accordance with the provisions of Section 4 of the Federal Reserve Act and the announcement dated July 20, 2022, the Federal Reserve Bank of San Francisco is conducting an election of directors to succeed Ms. Simone Lagomarsino (who is eligible for re-election), a Class A director, elected by banks in Group Two, and Mr. Sanford M. Michelman, a Class B director, elected by banks in Group One, both of whose terms end on December 31, 2022.
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Election of Directors Nomination Procedures
The Federal Reserve Bank of San Francisco will conduct an election under the provisions of Section 4 of the Federal Reserve Act for the positions held by the directors of this Bank whose terms expire on December 31, 2022.
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New Member Bank – Town & Country Bank
The Federal Reserve Bank of San Francisco, acting under delegated authority, has approved the application of Town & Country Bank, Las Vegas, Nevada, for membership in the Federal Reserve System.