SEATTLE--(BUSINESS WIRE)--Susan Sutherland will be expanding her responsibilities to include oversight of the Seattle Branch Office and its board of directors, effective March 1, 2014. Ms. Sutherland is currently senior vice president, human resources and statistics, and director of the Office of Diversity & Inclusion for the Federal Reserve Bank of San Francisco. She succeeds Mark Gould, who was recently appointed first vice president and chief operating officer of the Federal Reserve Bank of San Francisco.
The Seattle branch office serves the largest geographic area in the Federal Reserve System, including financial institutions in Washington, Oregon, Alaska, northern Idaho and Hawaii. Its Board of Directors provides the region’s economic perspective to the Federal Reserve Bank’s Board of Directors in San Francisco.
Ms. Sutherland joined the Federal Reserve Bank of San Francisco in 1988 and worked in a variety of functions with increasing responsibility, primarily in financial services, operations, and administrative areas. She was promoted to senior vice president in 1999. She has a bachelor’s degree from Wesleyan University and a master’s degree in organizational development from Pepperdine University. In addition to her Bank responsibilities, she has been very active in the Bay Area community, and currently chairs the Board of the United Way of Bay Area (UWBA). She is also a founding member of UWBA’s Women Leadership Council.
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.
The Federal Reserve System was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. By November 16, 1914, the 12 cities chosen as sites for regional Reserve Banks were open for business. To learn more about the Fed’s Centennial see http://www.federalreservehistory.org/.