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 manufacturingindex 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]
^Crutsinger, Martin (2 March 2015). "University of Delaware President Harker tapped to succeed Plosser at Philadelphia Fed". U.S. News & World Report. Associated Press.
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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 Federal Reserve Bank of PhiladelphiaFederal Reserve SealHeadquartersHeadquarters10 Independence Mall Philadelphia Pennsylvania USAEstablishedMay 18 1914 108 years ago 1914 05 18 PresidentPatrick T HarkerCentral bank ofThird District Delaware Parts of New Jersey PennsylvaniaWebsitephiladelphiafed orgThe Federal Reserve Bank of Philadelphia is one of 12 regional banks that make up the Federal Reserve SystemThe 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 Contents 1 Board of Directors 1 1 Class A 1 2 Class B 1 3 Class C 2 See also 3 References 4 External linksBoard of Directors EditThe following people serve on the board of directors as of August 2017 update 4 Terms expire on December 31 of their final year on the board 4 Map of the Third District Lobby of the Federal Reserve Bank of Philadelphia The lobby features a 25 foot 7 6 m tower filled with shredded U S currency Former Presidents of the Philadelphia Fed left to right Edward Boehne 1981 2000 Charles Plosser 2006 2015 and Anthony Santomero 2000 2006 Class A Edit Class A Name Title Term ExpiresJon Evans President and chief executive officerAtlantic Community Bankers BankCamp Hill Pennsylvania 2017David R Hunsicker Chairman president and chief executive officerNew Tripoli BankNew Tripoli Pennsylvania 2018William S Aichele ChairmanUnivest Corporation of PennsylvaniaSouderton Pennsylvania 2019Class B Edit Class B Name Title Term ExpiresPatricia Hasson President and Executive DirectorClarifiPhiladelphia Pennsylvania 2017Carol J Johnson Retired president and chief operating officerAlliedBarton Security ServicesConshohocken Pennsylvania 2018Edward J Graham Retired chairman and chief executive officerSouth Jersey Industries North California DistrictFolsom New Jersey 2019Class C Edit Class C Name Title Term ExpiresMichael J Angelakis Chair Chairman and chief executive officerAtairosBryn Mawr Pennsylvania 2017Phoebe A Haddon ChancellorRutgers University CamdenCamden New Jersey 2018Brian McNeill Deputy Chair President and chief executive officerTouchPoint Inc Concordville Pennsylvania 2019See also Edit Philadelphia portal Banks portalFederal Reserve System Federal Reserve Districts Federal Reserve Branches Federal Reserve Act Old Federal Reserve Bank Building Philadelphia Structure of the Federal Reserve SystemReferences EditNotes Crutsinger Martin 2 March 2015 University of Delaware President Harker tapped to succeed Plosser at Philadelphia Fed U S News amp World Report Associated Press Economists Tea Leaves Point to Recession article by David Leonhardt in The New York Times February 13 2008 Business Review Archived 2008 05 23 at the Wayback Machine ISSN 0007 7011 a b Directors ofFederal Reserve Bank of Philadelphia The Federal Reserve August 5 2017 External links Edit Wikimedia Commons has media related to Federal Reserve Bank of Philadelphia The Philadelphia Fed s home page A map of the third district Archived 2008 03 05 at the Wayback Machine Public Statements of Karl Bopp former President of the Federal Reserve Bank of Philadelphia Public Statements of David P Eastburn former President of the Federal Reserve Bank of Philadelphia This United States bank related article is a stub You can help Wikipedia by expanding it vte This United States government related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Federal Reserve Bank of Philadelphia amp oldid 1122889992, wikipedia, wiki, book, books, library,
