Federal Reserve Bank of Philadelphia: Difference between revisions

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The Philadelphia Fed conducts research on both the national and regional [[Economic system|economy]].  Its regional [[manufacturing]] [[index (economics)|index]] is the second of the regional manufacturing reports released every month (the New York Fed's Empire State Index is now released earlier), but it is still very important to the financial community as a proxy for nationwide manufacturing conditions.
The Philadelphia Fed conducts research on both the national and regional [[Economic system|economy]].  Its regional [[manufacturing]] [[index (economics)|index]] is the second of the regional manufacturing reports released every month (the New York Fed's Empire State Index is now released earlier), but it is still very important to the financial community as a proxy for nationwide manufacturing conditions.
The Federal Reserve Bank of Philadelphia publishes a quarterly [[Statistical survey|survey]] of [[economic forecasting|professional economic forecasters]], the [[Survey of Professional Forecasters]], also called "The Anxious Index". It is a highly predictive report on the prospects for the Economy of the United States.<ref>[https://www.nytimes.com/2008/02/13/business/13econ.html "Economists’ Tea Leaves Point to Recession"] article by [[David Leonhardt]] in ''[[The New York Times]],'' February 13, 2008.</ref> It also publishes a quarterly publication entitled [[Business Review]].<ref>[http://www.philadelphiafed.org/econ/br/ Business Review] {{Webarchive|url=https://web.archive.org/web/20080523155713/http://www.philadelphiafed.org/econ/br/ |date=2008-05-23 }} ISSN 0007-7011</ref> The Federal Reserve Bank of Philadelphia also publishes the [[Livingston Survey]] and the [[Greenbook]] data sets.{{Citation needed|date = October 2016}}
The Federal Reserve Bank of Philadelphia publishes a quarterly [[Statistical survey|survey]] of [[economic forecasting|professional economic forecasters]], the [[Survey of Professional Forecasters]], also called "The Anxious Index". It is a highly predictive report on the prospects for the Economy of the United States.<ref>[https://www.nytimes.com/2008/02/13/business/13econ.html "Economists’ Tea Leaves Point to Recession"] article by [[David Leonhardt]] in ''The New York Times,'' February 13, 2008.</ref> It also publishes a quarterly publication entitled [[Business Review]].<ref>[http://www.philadelphiafed.org/econ/br/ Business Review] {{Webarchive|url=https://web.archive.org/web/20080523155713/http://www.philadelphiafed.org/econ/br/ |date=2008-05-23 }} ISSN 0007-7011</ref> The Federal Reserve Bank of Philadelphia also publishes the [[Livingston Survey]] and the [[Greenbook]] data sets.{{Citation needed|date = October 2016}}


==Board of directors==
==Board of directors==

Revision as of 23:39, 21 December 2024

Federal Reserve Bank of Philadelphia
File:Seal of the United States Federal Reserve System.svg
Federal Reserve Seal
File:Federal Reserve Bank Building Philadelphia.jpg
Headquarters
Headquarters10 Independence Mall
Philadelphia, Pennsylvania, USA
EstablishedMay 18, 1914 (111 years ago) (1914-05-18)
PresidentLua error in Module:Wikidata at line 90: attempt to call field 'loadI18n' (a nil value).
Central bank of
Third District
Websitephiladelphiafed.org
The Federal Reserve Bank of Philadelphia is one of 12 regional banks that make up the Federal Reserve System

The Federal Reserve Bank of Philadelphia — also known as the Philadelphia Fed or the Philly Fed — headquartered at 10 Independence Mall in Philadelphia, Pennsylvania, is responsible for the Third District of the Federal Reserve, which covers eastern and central Pennsylvania, the nine southern counties of New Jersey, and Delaware. Its geographical territory is by far the smallest in the system, and its population base is the second-smallest (next to the Federal Reserve Bank of Minneapolis). The current president of the Philadelphia Fed is Patrick T. Harker.[1]

The Philadelphia Fed conducts research on both the national and regional economy. Its regional manufacturing index is the second of the regional manufacturing reports released every month (the New York Fed's Empire State Index is now released earlier), but it is still very important to the financial community as a proxy for nationwide manufacturing conditions. The Federal Reserve Bank of Philadelphia publishes a quarterly survey of professional economic forecasters, the Survey of Professional Forecasters, also called "The Anxious Index". It is a highly predictive report on the prospects for the Economy of the United States.[2] It also publishes a quarterly publication entitled Business Review.[3] The Federal Reserve Bank of Philadelphia also publishes the Livingston Survey and the Greenbook data sets.[citation needed]

Board of directors

The following people serve on the board of directors as of July 2023[update].[4] Terms expire on December 31 of their final year on the board.[4]

File:Philadelphia Fed map.png
Map of the Third District
File:Federal Reserve Bank of Philadelphia.jpg
Lobby of the Federal Reserve Bank of Philadelphia. The lobby features a 25-foot (7.6 m) tower filled with shredded U.S. currency
File:FRS PHIL cent grp 121613 0543 02837 (13896574697).jpg
Former Presidents of the Philadelphia Fed (left to right) Edward Boehne (1981–2000), Charles Plosser (2006–2015), and Anthony Santomero (2000–2006)

Class A

Class A
Name Title Term Expires
Randall E. Black President and chief executive officer
Citizens Financial Services Inc. and First Citizens Community Bank
Mansfield, Pennsylvania 		2023
Timothy Snyder President and chief executive officer
Fleetwood Bank
Fleetwood, Pennsylvania 		2024
Christopher D. Maher Chairman and chief executive officer
OceansBank First, N.A.
Toms River, New Jersey 		2025

Class B

Class B
Name Title Term Expires
Bret S. Perkins Senior vice president, external and government affairs
Comcast Corporation
Philadelphia, Pennsylvania 		2023
Julia H. Klein Chairwoman and chief operating officer
C.H. Briggs Company
Reading, Pennsylvania 		2024
John Fry President
Drexel University
Philadelphia, Pennsylvania 		2025

Class C

Class C
Name Title Term Expires
William Lo President
Crystal Steel Fabricators, Inc.
Delmar, Delaware 		2023
Sharmain Matlock-Turner

(Deputy Chair)

President and chief executive officer
Urban Affairs Coalition
Philadelphia, Pennsylvania 		2024
Anthony Ibargüen

(Chair)

Chief executive officer
Quench USA, Inc.
King of Prussia, Pennsylvania 		2025

See also

File:Portal-puzzle.png Philadelphia portal
File:Portal-puzzle.png Banks portal

References

Notes

  1. ↑ Crutsinger, Martin (March 2, 2015). "University of Delaware President Harker tapped to succeed Plosser at Philadelphia Fed". U.S. News & World Report. https://www.usnews.com/news/business/articles/2015/03/02/university-president-tapped-to-head-philadelphia-fed. 
  2. ↑ "Economists’ Tea Leaves Point to Recession" article by David Leonhardt in The New York Times, February 13, 2008.
  3. ↑ Business Review Archived 2008-05-23 at the Wayback Machine ISSN 0007-7011
  4. ↑ 4.0 4.1 "Directors ofFederal Reserve Bank of Philadelphia". The Federal Reserve. August 5, 2017. https://www.federalreserve.gov/aboutthefed/federal-reserve-system-philadelphia.htm. 

External links

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