The Federal Reserve Bank of San Francisco has announced new appointments to its Portland Branch Board of Directors, effective January 1, 2025. Julia Beattie, President and CEO of People’s Bank of Commerce in Medford, Oregon, and Lorie L. Tekorius, President and COO of The Greenbrier Companies in Lake Oswego, Oregon, have been appointed as directors.

Graciela Gomez Cowger, CEO of Schwabe, Williamson & Wyatt in Portland, Oregon, has been designated to serve as Chair of the Portland Branch Board for 2025.

The Federal Reserve Act of 1913 mandates that each of the 12 Reserve Banks operate under a board of directors' supervision. The Federal Reserve Bank of San Francisco's Head Office Board consists of nine directors representing the interests of the Twelfth Reserve District. These directors provide a range of expertise to help fulfill policy and operational responsibilities. The bank's four branches—Los Angeles, Portland, Salt Lake City, and Seattle—each have a separate seven-member branch board.

The Federal Reserve Bank of San Francisco aims to advance the nation's monetary, financial, and payment systems to strengthen the economy for all Americans. Serving the Twelfth Federal Reserve District—which includes nine western states along with American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands—the SF Fed focuses on maximum employment and price stability as part of its dual mandate.