Fed Names New Director at Salt Lake City Branch

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Salt Lake City, Utah-The Board of Governors of the Federal Reserve System is pleased to announce that Peter Metcalf, Lead Founder, President and Chief Executive Officer, Black Diamond Inc., Salt Lake City, Utah has been named a Director of the Salt Lake City Branch of the Federal Reserve Bank of San Francisco for a three-year term that begins January 1, 2014. He will replace Scott Hymas, Chairman, Salt Lake City Branch Board and Chief Executive Officer, R.C. Willey Home Furnishings, Salt Lake City, Utah who retired from the Branch’s Board after serving as a Director since 2007.

Other members of the Fed's Salt Lake City Branch Board of Directors are: Bradley J. Wiskirchen, Chairman, Salt Lake City Branch Board and Chief Executive Officer of Keynetics Inc. Boise, Idaho; Josh England, President and Chief Financial Officer, C.R. England, Inc., Salt Lake City, Utah; Susan Johnson, President, Futura Industries Corporation, Clearfield, Utah; Patrick F. Keenan, Chief Financial Officer, Rio Tinto Kennecott Utah Copper, South Jordan, Utah; Damon G. Miller, Utah Market President, U.S. Bank, Salt Lake City, Utah; and Albert T. Wada, Chairman and Chief Executive Officer, Wada Farms Inc., Pingree, Idaho.

Peter Metcalf is Lead Founder, President and Chief Executive Officer of Black Diamond Inc. a Salt Lake City, Utah based design, manufacturing and marketer of active outdoor performance products for climbing, mountaineering, backpacking, skiing, mountain biking and other active outdoor recreation activities. Prior to joining Black Diamond, Mr. Metcalf served as General Manager of Chouinard Equipment, Patagonia/Lost Arrow Corporation.

A native of New York City, Mr. Metcalf received a Bachelor of Arts degree in political science from the University of Colorado and a Certificate in Management from Drucker Graduate School of Management, Claremont Graduate University.

Active in community affairs, he is currently serving, or has served on corporate advisory and boards of directors, including the Utah Governor’s Wasatch Summit Task Force Executive Committee, Outdoor Industry Association, Outdoor Eco-System Task Force of Utah Governors Leavitt and Huntsman, Utah Nature Conservancy and Utah Economic Development Corporation.

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 certain consumer protection laws, and is fiscal agent for the U.S. government.

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