Douglas W. Shorenstein Joins Federal Reserve Bank of San Francisco Board of Directors.SAN FRANCISCO -- The Federal Reserve's Board of Governors in Washington D.C. has appointed Douglas W. Shorenstein, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Shorenstein Properties LLC, to the Federal Reserve Bank of San Francisco's board of directors effective June 14, 2007.
In his role as a Reserve Bank director, Mr. Shorenstein will share his perspective on the economic conditions of his industry and the Twelfth District's nine-state economy. Directors contribute to the formulation of monetary policy through the industry and regional economic information they provide the Bank's president. Reserve Bank directors also recommend changes in the discount rate.
Shorenstein Properties LLC is one of the country's oldest real estate organizations active nationally in the ownership and operation of office properties. Mr. Shorenstein joined the family business in 1983 and became chairman and chief executive officer in 1995. During his tenure, the company has evolved from a San Francisco-focused real estate operating company into a real estate investment and management company, active throughout the United States.
Mr. Shorenstein supports numerous civic and philanthropic causes and serves on the board of many such institutions. His current nonprofit board activities include: Environmental Defense; Yale School of Management The Yale School of Management (also known as Yale SOM) is the graduate business school of Yale University and is located on Hillhouse Avenue in New Haven, Connecticut, United States. The School offers M.B.A. and Ph.D. degree programs. ; Vanderbilt University; executive board of UCSF Hospital; executive committee, The Real Estate Roundtable; and The Joan Shorenstein Center on the Press, Politics and Public Policy The Joan Shorenstein Center on the Press, Politics and Public Policy at Harvard University explores the intersection of press, politics and public policy in theory and practice, striving to bridge the gap between journalists and scholars, and between them and the at Harvard's Kennedy School of Government.
Prior to joining Shorenstein Properties, Mr. Shorenstein worked for three years as a real estate attorney with the law firm of Shearman & Sterling LLP in New York in its Real Estate Group. Mr. Shorenstein graduated from University of California at Berkeley (body, education) University of California at Berkeley - (UCB)
See also Berzerkley, BSD.
Note to British and Commonwealth readers: that's /berk'lee/, not /bark'lee/ as in British Received Pronunciation. with a B.A., and from University of California, Hastings College of the Law University of California, Hastings College of the Law is a premier, first-tier law school located in downtown San Francisco, California. It was founded in 1878 by Serranus Clinton Hastings, the first Chief Justice of California, as the first law school of the University of with a J.D.
Each of the nation's 12 Federal Reserve Banks has a nine-member board of directors, three of whom are appointed by the Board of Governors of the Federal Reserve System Board of Governors of the Federal Reserve System
The managing body of the Federal Reserve System, which sets policies on bank practices and the money supply. with the remaining six elected by the member banks in the Twelfth Federal Reserve District Federal Reserve District (Reserve district or district)
One of the twelve geographic regions served by a Federal Reserve Bank. . Directors are drawn from the banking community as well as sectors representing business, industry, agriculture, services, labor and consumers.
Mr. Shorenstein joins eight other directors on the Federal Reserve Bank of San Francisco The Federal Reserve Bank of San Francisco is the federal bank for the twelfth district in the United States. The twelfth district is made up of nine western states—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, board: David K.Y. Tang, (chairman) K&L Gates, Seattle, WA; T. Gary Rogers T. Gary Rogers is the CEO of Dreyer's Grand Ice Cream. He was the owner of Dreyer's until the company was taken over by Nestlé in 2006.
Rodgers purchased Dreyer's with his business partner, Rick Cronk in 1977. , (deputy chairman) Dreyer's Grand Ice Cream, Inc., Oakland, CA; Karla S. Chambers, Stahlbush Island Farms, Inc., Corvallis, OR; Richard W. Decker, Jr., Belvedere Capital Partners LLC, San Francisco, CA; Jack McNally, JKM Consulting, Sacramento, CA; Blake W. Nordstrom, Nordstrom, Inc., Seattle WA; Candace H. Wiest, West Valley National Bank, Avondale, AZ; and Kenneth P. Wilcox, Silicon Valley Bank, Santa Clara, CA.
The Federal Reserve Bank of San Francisco provides wholesale banking services to financial institutions in the nine western states through its head office in San Francisco, branch offices in Los Angeles, Portland, Salt Lake City, and Seattle, and a cash processing office in Phoenix. As the nation's central bank, the Federal Reserve System formulates monetary policy, serves as a bank regulator, administers consumer protection laws consumer protection laws n. almost all states and the federal government have enacted laws and set up agencies to protect the consumer (the retail purchasers of goods and services) from inferior, adulterated, hazardous and deceptively advertised products, and , and is fiscal agent for the U.S. government.