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| | George Scalise named Chairman and Sheila Harris named Deputy Chairman of the Federal Reserve Bank of San Francisco - ... |
 | | San Francisco, May 5, 2003 – The Federal Reserve Board of Governors in Washington D.C. has designated George Scalise, President of the Semiconductor Industry Association, as Chairman of the Board and Sheila Harris, Director of Arizona’s Department of Housing, as Deputy Chairman of the Federal Reserve Bank of San Francisco, effective May 1. |
 | | Reserve Bank directors also provide their perspective on economic trends in their regions, advise the Bank’s president and the Board of Governors of the Federal Reserve System on the general direction of monetary policy, and establish the Bank’s discount rates, subject to review and determination by the Board of Governors. |
 | | The Federal Reserve Bank of San Francisco provides wholesale banking services to financial institutions in the nine western states through the head office in San Francisco and branch offices at Los Angeles, Portland, Salt Lake City, Seattle, and Phoenix. |
| www.frbsf.org /news/releases/2003/0505_1.html (599 words) |
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