Examining the Controversial Legacy of SVB's Former CEO Greg Becker.

The collapse of Silicon Valley Bank has brought attention to the relationship between the Federal Reserve Bank of San Francisco and the bank's former CEO, Greg Becker, who sat on the San Francisco Fed's board of directors. Critics are questioning whether the way the Fed has been organized for over a century makes sense today. The Fed's 12 reserve banks each have a nine-person board of directors, three of whom come from the banking industry. The boards have no say in bank supervision and serve mainly as advisers for the Fed bank's leadership.