2023 2024 Student Forum > Management Forum > Entrance Exams

11th December 2015, 10:02 AM
Super Moderator
Join Date: Apr 2013
Re: Who Owns The Federal Reserve Bank of The United States

The Federal Reserve System fulfils its public mission as an independent entity within government. It is not "owned" by anyone and is not a private, profit-making institution. As the nation's central bank, the Federal Reserve derives its authority from the Congress of the United States.

Board of Directors of Federal Reserve Bank of San Francisco
Appointed by Board of Governors of the Federal Reserve System
Class C

Roy A. Vallee (2017)
Chairman of the Board and Federal Reserve Agent
Retired Executive Chairman and
Chief Executive Officer
Avnet, Inc.
Phoenix, Arizona

Alexander R. Mehran (2015)
Deputy Chairman
Chairman and
Chief Executive Officer
Sunset Development Company
San Ramon, California

Barry M. Meyer (2016)
Founder and Chairman
North Ten Mile Associates
Burbank, California

Elected by Member Banks
Class A

Peter S. Ho (2015)
Group 1
Chairman, President and
Chief Executive Officer
Bank of Hawaii and Bank of Hawaii Corporation
Honolulu, Hawaii

Steven R. Gardner (2016)
Group 2
President and
Chief Executive Officer
Pacific Premier Bank
Irvine, California

Megan F. Clubb (2017)
Group 3
Chief Executive Officer and
Chairman of the Board
Baker Boyer National Bank
Walla Walla, Washington

Class B

Steven E. Bochner (2015)
Group 3
Wilson, Sonsini, Goodrich
& Rosati, P.C.
Palo Alto, California

Nicole C. Taylor (2016)
Group 1

Associate Vice Provost for Student Affairs and
Dean of Community Engagement and Diversity
Stanford University
Stanford, California

Richard A. Galanti (2017)
Group 2

Executive Vice President and
Chief Financial Officer
Costco Wholesale Corporation
Issaquah, Washington

Member of the Federal Advisory Council, Appointed by San Francisco Board of Directors

John G. Stumpf (2015)
Chairman and
Chief Executive Officer
Wells Fargo & Company
San Francisco, California

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