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The Federal Reserve Bank of San Francisco announced today that Patricia E. Yarrington, vice president and treasurer of Chevron Corporation in San Ramon, California, has joined the San Francisco Fed’s Economic Advisory Council for a three-year term to conclude in 2010. In her role as Chevron’s treasurer, Ms. Yarrington oversees the company’s financing strategies, including the receipt, custody, investment and disbursement of corporate funds. She joined Chevron in 1980 and has held supervisory positions in Chevron Products Co., Chevron U.S.A. Production Co., and Chevron Research and Technology Co. Prior to her appointment as treasurer, Ms. Yarrington was vice president of Policy, Government and Public Affairs. She is a member of the board of directors of Chevron Phillips Chemical Company LLC, a joint venture with ConocoPhillips. Ms. Yarrington is a native of Orange, New Jersey. She has a degree in political science from Pomona College in Claremont, California, and an MBA from the Kellogg School of Management at Northwestern University. The San Francisco Fed’s Economic Advisory Council represents diverse industries and regions in the Twelfth District’s nine western states. As a member of the Council, Ms. Yarrington will provide important grassroots information to the members of the board of directors and management of the San Francisco Federal Reserve Bank on the present state of the economy and the current and pending developments for her industry. At the invitation of the Bank’s president, members generally serve three-year terms. The balance of the Economic Advisory Council includes: Stephen M. Brophy (chair), Page Land & Cattle Co., Phoenix, Arizona; Grace Evans Cherashore (vice chair), Evans Hotels, San Diego, California; John P. Connolly, Actors’ Equity Association, New York, New York; John H. (Jack) Gleason, Community Planning Advisors, LLC, Paradise Valley, Arizona; Mary F. Kaiser, California Reinvestment Corporation, Glendale, California; Cathy Luke, Loyalty Enterprises, Ltd., Honolulu, Hawaii; Vivek Paul, Texas Pacific Group, San Francisco, California; and Roderick C. Wendt, JELD-WEN, inc., Klamath Falls, Oregon. 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 consumer protection laws, and is fiscal agent for the U.S. government.
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