SAN FRANCISCO--()--The Federal Reserve Bank of San Francisco’s board of directors has reappointed Michael Shepherd, chairman and chief executive officer of Bank of the West and BancWest Corporation, to represent the District on the Federal Advisory Council for a second one-year term beginning January 2013.
The Federal Advisory Council, a body created by the Federal Reserve Act, consists of one member – generally from the commercial banking industry – from each of the twelve Reserve Bank Districts. The council ordinarily meets four times a year with the Board of Governors in Washington, D.C. to discuss economic and banking matters. Members customarily serve three one-year terms.
Mr. Shepherd was president and chief executive officer of Bank of the West from 2008-2010, having served as president and chief operating officer from 2006. In April 2009, he was appointed president and chief executive officer of BancWest Corporation, which is also the parent company of First Hawaiian Bank. He joined the bank in 2004 as executive vice president and general counsel. He is also a member of the Executive Committee of BNP Paribas Retail Banking. (For a photograph of Mr. Shepherd please see http://www.frbsf.org/news/releases/2013/0122.html)
Mr. Shepherd serves as member of the FDIC Advisory Committee on Economic Inclusion, executive committee member of the Bay Area Council, member of the Council on Foreign Relations, director of the Financial Services Roundtable, and director of Operation HOPE.
Mr. Shepherd is a graduate of Stanford University and the University of Michigan Law School.
The Federal Reserve Bank of San Francisco, with branch offices in Los Angeles, Seattle, Salt Lake City, and Portland, and a cash processing office in Phoenix, provides wholesale banking services to financial institutions throughout the nine western states. As the nation's central bank, the Federal Reserve System formulates monetary policy, serves as a bank regulator, administers certain consumer protection laws, and is fiscal agent for the U.S. government. Follow us on Twitter at twitter.com/sffedreserve.