Federal Reserve Bank of San Francisco Seattle Branch explained

The Federal Reserve Bank of San Francisco Seattle Branch is one of four branches of the Federal Reserve Bank of San Francisco. The branch opened September 19, 1917.[1] In 1938, it absorbed the operations of the Spokane branch and in 2005 took over cash operations from the Portland branch.[2] [3]

The branch is located at 2700 Naches Ave SW in Renton, Washington, a suburb south of Seattle.[4] Until 2008, the branch was headquartered at the Federal Reserve Bank Building in Downtown Seattle, which had been built in 1951 for the branch.[5]

Current board of directors

The following people are on the board of directors as of December 2023:[6]

Appointed by the Board of Governors of the Federal Reserve System

Appointed by the Board of Governors of the Federal Reserve System! Name! Title! Term expires
Sheila Edwards Lange(Chair of the Board)Chancellor, University of Washington Tacoma

Tacoma, Washington

2025
Pallavi Mehta WahiSeattle Managing Partner, K&L Gates
Seattle, Washington
2024
John WolfeChief Executive Officer, Northwest Seaport AllianceTacoma, Washington2023

Appointed by the San Francisco Board of Directors

Appointed by the San Francisco Board of Directors! Name! Title! Term expires
Bob DoneganPresident, Ivar's RestaurantsSeattle, Washington2025
Carol GorePresident and Chief Executive Officer, Cook Inlet Housing AuthorityAnchorage, Alaska2023
Michael SenskeChairman and Chief Executive Officer, Pearson Packaging SystemsSpokane, Washington2024
Laura Lee StewartPresident and Chief Executive Officer, Sound Community Bank and Sound Financial BancorpSeattle, Washington2023

See also

Notes and References

  1. Federal Reserve Board . June 1925 . Branches and Agencies of Federal Reserve Banks . 1 . June 30, 2024.
  2. News: Federal Reserve Bank of San Francisco . September 13, 2021 . Federal Reserve Bank of San Francisco . Federal Reserve History . June 30, 2024.
  3. Web site: FRBSF: Our Branches, Seattle . . . frbsf.org . Federal Reserve Bank of San Francisco . June 30, 2024 . The Portland Cash Operation closed in 2005 and was absorbed by the Seattle office..
  4. Web site: FRBSF Branches. December 17, 2010. December 5, 2010. https://web.archive.org/web/20101205231405/http://www.frbsf.org/federalreserve/branches/index.html. dead.
  5. Web site: Ott . Jennifer . September 20, 2008 . Federal Reserve Bank (Seattle) . . July 24, 2016.
  6. Web site: Board of Governsors of the Federal Reserve System . June 1, 2021 . The Federal Reserve.