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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federal reserve bank of philadelphia and finance - All News and Analysis
US growth to ease but inflation still a worry.
- 2007-05-15
Byline: Robert Guy May 15, 2007 (The Australian Financial Review - ABIX via COMTEX) -- US economic growth is predicted to slow but inflation remains a concern. A survey of 53 economic forecasters by the Federal Reserve Bank of Philadelphia found that the US...
Sarbanes-Oxley Compliance and Violation: An Empirical Study
BNET
- 2006-05-08
The purpose of this paper is to empirically examine the financial and governance characteristics of firms under the new Sarbanes-Oxley SOX accounting regime. The paper first compares a comprehensive set of characteristics across firms in four states regarding SOX Section 404 compliance (Compliance, Concerns-Raised, Noncompliance, and Violation). The paper then...
The Federal Reserve Bank of Philadelphia and the Electronic Funds Transfer Association Sponsor Risk Management Conference: Changes in Consumer Purchasing Places Premium on Managing Risk Associated with Electronic Payments
- 2005-07-15
FAIRFAX, Va. -- The Payment Cards Center of the Federal Reserve Bank of Philadelphia and the Electronic Funds Transfer Association EFTA hosted a senior-level conference focusing on risk management in electronic payment systems. The conference "Risky Business: Managing Electronic Payments in the 21st Century" was held June 20-21 at...
Assessing the Impact of Electronic Benefits Transfer: On America's Communities and the U.S. Payment System
BNET
- 2005-01-11
As electronic benefits transfer EBT continues to expand in breadth and depth, this document addresses two important questions, which arise. It examines the impact EBT economics and technology had on United States' payment systems and communities. As more benefit programs and payments convert from paper-based to card-based systems, the paper...
Protecting Yourself Against Identity Theft
BNET
- 2004-11-12
Identity theft is a growing form of fraud that occurs when an unauthorized person uses your personal information, such as your name, Social Security number, bank or credit account numbers, or other identifying information, without lawful authority, to commit financial fraud. In its most damaging form, identity theft can mean...
DR. Anthony M. Santomero, President of the Federal Reserve Bank of Philadelphia, rang the opening bell today, November 1; Dr. Santomero celebrated the 90th anniversary of the Philadelphia Federal Reserve Bank.
- 2004-11-01
M2 PRESSWIRE-1 November 2004-PHLX: DR. Anthony M. Santomero, President of the Federal Reserve Bank of Philadelphia, rang the opening bell today, November 1; Dr. Santomero celebrated the 90th anniversary of the Philadelphia Federal Reserve BankC1994-2004 M2 COMMUNICATIONS LTD RDATE:10262004 PHILADELPHIA -...
Payment System Regulation and How It Causes Consumer Confusion
BNET
- 2004-11-01
A workshop led by Professor Mark Budnitz of Georgia State University School of Law. Budnitz described how the regime of consumer payment regulation and various new payment products have led to much confusion among consumers. He also discussed a remedy for this situation: the adoption of uniform federal consumer protection...
Dr. Anthony M. Santomero, president of the Federal Reserve Bank of Philadelphia, to ring the opening bell on Monday, November; 1; Dr. Santomero to celebrate the 90th anniversary of the Philadelphia Federal Reserve Bank.
- 2004-10-26
M2 PRESSWIRE-26 October 2004-PHLX: Dr. Anthony M. Santomero, president of the Federal Reserve Bank of Philadelphia, to ring the opening bell on Monday, November; 1; Dr. Santomero to celebrate the 90th anniversary of the Philadelphia Federal Reserve BankC1994-2004 M2 COMMUNICATIONS LTD RDATE:10262004 ...
Identity Theft: Where Do We Go From Here?
BNET
- 2004-04-01
This paper discusses identity theft, which is a growing financial crime that affects many segments of our society - consumers, merchants, and credit providers, among others - with direct financial losses. In addition, consumers, in particular, are faced with significant indirect costs stemming from the compromise of their credit files....
Prepaid Card Markets & Regulation
BNET
- 2004-02-01
Prepaid cards, also commonly referred to as stored-value cards, are typically credit card-sized pieces of plastic that contain or represent an amount of pre-loaded value. Despite significant product innovations, it is unclear whether and how existing federal and state laws that apply to other financial products apply to the different...
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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Glass Door
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| Wells Fargo |  |
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