SAN FRANCISCO, July 6, 2010 — Alfred A. Plamann, president and chief executive officer, Unified Grocers, was selected as vice chair of the Federal Reserve Bank of San Francisco's Economic Advisory Council (EAC). Plamann became a member of the EAC in January 2009.
Mary F. Kaiser, president of California Community Reinvestment Corporation, was elected chair of the Economic Advisory Council. The announcement of the EAC's new officers and EAC members was made by the Federal Reserve Bank of San Francisco on June 14, 2010.
Economic Advisory Council members provide information on current and pending developments in the regional and national economies. The Federal Reserve Bank of San Francisco provides wholesale banking services to financial institutions throughout nine western U.S. states.
As the nation's central bank, the Federal Reserve System formulates monetary policy, serves as a bank regulator, administers consumer protection laws, and is fiscal agent for the U.S. government.
Source: Unified Grocers
