BNET Industries
Last Fiscal Year Sales:$992.0M
- Private
- US
Dow Jones Description
The Federal Reserve Bank of Philadelphia is one of 12 regional Federal Reserve Banks across the U.S. that, together with the Board of Governors in Washington, D.C., serve as our nation's central bank.
President & Chief Executive Officer
Charles I. PlosserNumber of Employees 2,000
Contact Information
10 Independence Mall
Philadelphia, Pennsylvania 19106
(215) 574-6000
NAICS Code Monetary Authorities-Central Bank: 521110
News & Analysis
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consumer credit and federal reserve bank of philadelphia - All News and Analysis
Consumer Credit Counseling: Credit Card Issuers' Perspectives
A flood of new entrants into the credit counseling industry has left issuers, consumer advocates, established CCCS agencies, and policymakers puzzled. While increased competition in any given market usually results in better deals for consumers and into increased innovation, such factors have not marked the explosion in the number of...
The Development and Regulation of Consumer Credit Reporting in America
This paper describes how the consumer credit reporting industry evolved from a few joint ventures of local retailers around 1900 to a high technology industry that plays a supporting role in America's trillion-dollar consumer credit market. In many ways the development of the industry reflects the intuition developed in the...
A Quantitative Theory Of Unsecured Consumer Credit With Risk Of Default
This paper study, theoretically and quantitatively, the equilibrium of an economy with unsecured consumer credit with the following features. Credit suppliers take deposits at a given interest rate and offer loans to households via a menu of credit levels and associated interest rates. The loan industry is competitive, with free...
A Quantative Theory of Unsecured Consumer Credit With Risk of Default
This paper studies, theoretically and quantitatively, the equilibrium of an economy with unsecured consumer credit with the following features. Credit suppliers take deposits at a given interest rate and offer loans to households via a menu of credit levels and associated interest rates. The loan industry is competitive, with free...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Charles I. Plosser | President & Chief Executive Officer |
| William H. Stone Jr. | First Vice President |
Charles I. Plosser became the Federal Reserve Bank of Philadelphia's 10th president and chief executive officer on August 1, 2006. Before coming to Philadelphia, he was the John M. Olin Distinguished Professor of Economics and Public Policy and director of the Bradley Policy Research Center at the William E. Simon Graduate School of Business Administration, where he also served as dean from 1993 to 2003. He was also a professor of economics in the Department of Economics at the University of Rochester, a senior research associate at the Rochester Center for Economic Research in the university's College of Arts and Science, and a research associate at the National Bureau of Economic Research in Cambridge, Massachusetts. He has also been a visiting scholar at the Bank of England and the Federal Reserve Bank of Minneapolis. Plosser has lectured to academic and business audiences worldwide on topics ranging from management education to economic and public policy issues. The author of numerous academic articles and a participant in scores of professional seminars and conferences, Plosser has also served as co-editor or associate editor of three prestigious journals of economics and referee for over a dozen others. His research and teaching interests include topics on monetary and fiscal policy, long-term economic growth, and banking and financial markets, and his articles have appeared in numerous leading economic journals. Plosser earned Ph.D. and M.B.A. degrees from the University of Chicago, and he received a bachelor of engineering degree (cum laude with honors) from Vanderbilt University. Plosser has served as a consultant to numerous corporations, including Chase Manhattan Bank, Eastman Kodak Company, and The Wyatt Company, on topics ranging from strategic planning and forecasting to portfolio and pension fund management, capital budgeting, and financial analysis. He has served as an advisory board member of the Rochester New Enterprise Forum, the Metropolitan Advisory Board of Chase Manhattan Bank, and the University Technology Seed Fund, LLC. Plosser served as chairman of the Board of Directors of the Consortium for Graduate Study in Management from 1995 to 1997. From 1996 to 2000, he served on the Board of Directors of ViaHealth, Inc., where he also served as secretary, member of the Executive Committee, and chair of the Governance Committee.
| Organization | Position | Status |
|---|---|---|
| Federal Reserve Bank of Philadelphia | President & Chief Executive Officer | Current |
| Forensic Economics, Inc. | Outside Expert | Current |
| Eastman Kodak Company | Consultant | Former |
| The Wyatt Company | Consultant | Former |
| The Consortium for Graduate Study in Management | Chairman | Former |
| Viahealth | Board of Directors | Former |
| University of Chicago | PH.D. | Former |
| University of Chicago | MBA | Former |
| Vanderbilt University | B.E. in Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Federal Reserve Bank of Philadelphia | First Vice President | Current |
| Gettysburg College | Former |
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