Federal Reserve Bank of Philadelphia

Federal Reserve Bank of Philadelphia
	Federal Reserve Seal
	Headquarters
Headquarters	10 Independence Mall ; Philadelphia, Pennsylvania, USA
Established	May 18, 1914 (110 years ago)
President	Patrick T. Harker
Central bank of	Third District Delaware ; Parts of: ; New Jersey ; Pennsylvania;
Website	philadelphiafed.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]

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

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