ADVISORY/S.F. Federal Reserve Bank President to Speak in San Diego.

Business Editors

ADVISORY...for Thursday (August 21)

--(BUSINESS WIRE)

Federal Reserve Bank of San Francisco 

TO:      Business/Economics writers following the Southern California
         and national economy


WHEN:    Thursday, August 21, 2003


WHO:     Robert T. Parry, President & CEO of the Federal Reserve Bank
         of San Francisco.

         Dr. Parry is a member of the Federal Open Market Committee,
         the group led by Federal Reserve Chairman Alan Greenspan that
         meets throughout the year and sets the direction of our
         nation's Monetary Policy.


WHAT:    Speech to the Rotary Club of San Diego


TOPIC:   "The National and Regional Economic Outlook:
         A Monetary Policymaker's Perspective"


TIMING:  Rotary registration starts at ll:30 a.m.
         Lunch begins at noon, includes Rotary business
         Parry speech expected at approximately 1:00 pm PDT
          (4:00 pm EDT)
         Audience Q&A to follow, time permitting.
         Meeting adjourns at 1:30 pm PDT.
         Roundtable media availability planned from
          1:35 to 1:50 pm PDT


WHERE:   Westin Horton Plaza Hotel, California Ballrooms A+B,
         910 Broadway Circle, San Diego, CA


CONTACT: Carol Eckert, 415-977-3853
         Rotary Club welcomes reporters, but requests advance media
         reservations for meal, with $20 payment at door;
         non-meal seating also available on first-come basis.