March 25, 2017 5:43 PM ET

Banks

Company Overview of Federal Reserve Bank of San Francisco

Company Overview

Federal Reserve Bank of San Francisco operates as a federal reserve bank. The company’s services include participating in formulating and conducting monetary policies; participating in the payment systems, including large-dollar transfers of funds, automated clearinghouse operations, and check collections; distributing coins and currencies; performing fiscal agency functions for the U.S. Department of the Treasury (Treasury), certain federal agencies, and other entities; serving as the federal government’s bank; and providing short-term loans to depository institutions. Its services also include providing loans to participants in programs or facilities; providing educational materials and in...

101 Market Street

San Francisco, CA 94105

United States

Founded in 1913

Phone:

415-974-2000

Fax:

415-974-2855

Key Executives for Federal Reserve Bank of San Francisco

Chief Executive and President
Age: 53
Chief Operating Officer, First Vice President and Member of The Executive Committee
Chief Information Officer, Senior Vice President of Information & Technology Services and Member of Executive Committee
General Counsel, Group Vice President and Member of Executive Committee
Senior Vice President of Communications & Community Engagement and Member of Executive Committee
Compensation as of Fiscal Year 2016.

Federal Reserve Bank of San Francisco Key Developments

Federal Reserve Bank of San Francisco Announces Board Appointments

The Federal Reserve Bank of San Francisco announced that Robert D. Ramirez, president and CEO, VantageWest Credit Union, Tucson, AZ; Andrew J. Ryback, president and CEO, Plumas Bank, Quincy, CA; Richard M. Sanborn, president and CEO, Seacoast Commerce Bank, San Diego, CA; and Joseph M. Schierhorn, president and CEO, Northrim Bank, Anchorage, AK, were appointed as the newest members of the Twelfth District’s Community Depository Institutions Advisory Council (CDIAC). Their terms are effective January 1, 2017; CDIAC members generally serve a three-year term. In addition, Jason A. Meyerhoeffer, president and CEO, First Federal Savings Bank of Twin Falls, Twin Falls, ID, was appointed to a one-year term, fulfilling the term of C. Alan Horner, former president and CEO of First Federal Savings Bank of Twin Falls, effective January 1, 2017. Mr. Ramirez has served in his current role at VantageWest since April 2000, and began his career at VantageWest (formerly Davis Monthan Federal Credit Union) in 1985 as vice president/Asset Liability Management. Mr. Ryback has served in his current role since November 2011, and was appointed interim president and CEO in March, 2010. Mr. Sanborn joined Seacoast Commerce Bank in October of 2007 and has served as a director, president and CEO since that time. Mr. Schierhorn started his career as vice president, commercial loan officer and regulatory compliance manager in 1990. He has been an executive vice president since 2001, initially as CFO, and was promoted to president and CEO in 2016. Mr. Meyerhoeffer was recently appointed president and CEO of the bank in January 2017.

Federal Reserve Bank of San Francisco Announces Board Changes

Federal Reserve Bank of San Francisco appointed Patricia R. Richards chair of the Salt Lake City Branch board of directors, effective January 1, 2017. Ms. Richards is replacing Peter R. Metcalf. In addition, David B. Smith, Chief Operating Officer of the Larry H. Miller Management Corporation, was appointed to the Salt Lake City Branch board of directors effective January 1, 2017. Mr. Smith is replacing Albert T. Wada, Chairman of Wada Farms Inc., Pingree, Idaho, whose term has expired.Ms. Richards is President and Chief Executive Officer of SelectHealth Inc., a wholly-owned not-for-profit health plan subsidiary of Intermountain Healthcare, one of the nation’s top-ranked integrated health systems. Mr. Smith joined Larry H. Miller Management Corporation in 2013 and has been Chief Operating Officer since January 2016.

Federal Reserve Bank of San Francisco Announces Board of Directors Change in the Portland Branch

The Federal Reserve Bank of San Francisco appointed Tamara L. Lundgren chair of the Portland Branch board of directors, effect from January 1, 2017. in addition, Anne C. Kubisch, president and chief executive officer of The Ford Family Foundation, was appointed to its Portland Branch board of directors effective January 1, 2017. She is replacing Dr. Joseph E. Robertson, Jr., Chairman of the Board and President of Oregon Health & Science University, whose term has expired. In addition, Steven J. Zika, chief executive officer and director at Hampton Lumber, was reappointed to a three-year term ending December 31, 2019. Lundgren has been president and chief executive officer and a member of the board of directors of Schnitzer Steel Industries Inc. (SSI) since December 2008. Lundgren joined the company in September 2005 as Vice President and Chief Strategy Officer and held positions of increasing responsibility including President of Shared Services and Executive Vice President Chief Operating Officer. Kubisch has served as the president and CEO of The Ford Family Foundation since 2013. She serves on multiple community boards, including The Leadership Council, the Community Healing and Recovery Team, and UCC Strong, as well as the Roseburg News-Review Community Board, and The California Endowment's Building Healthy Communities Advisory Council. Zika has served as CEO of Hampton Lumber since 2003. Prior to joining Hampton Lumber, Mr. Zika was a director at NACOO Materials Handling Group and a director of accounting and reporting at Arthur Anderson.

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Recent Private Companies Transactions

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