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 financial services - All News and Analysis
Prepaid Cards: How Do They Function? How Are They Regulated
BNET
- 2004-06-03
The conference brought together representatives from eight major banks, seven national retailers, three state governments, three federal regulators, a score of providers of prepaid card services, and a number of legal professionals to discuss the development of the prepaid card market and its regulation. This summary of the conference is...
The Debate Over the National Bank Act and the Preemption of State Efforts to Regulate Credit Cards
BNET
- 2004-03-01
The regulator of national banks, the OCC, issued a rule that interprets the act as essentially preempting most state efforts to protect credit card consumers. State attorneys general, consumer advocates, and members of Congress have charged that the OCC's ruling is overly aggressive and results in bad public policy. This...
Changes in the Use of Electronic Means of Payment: 1995-2001
BNET
- 2003-09-26
This document updates table based on data from the 2001 Survey of Consumer Finances conducted on the use of electronic banking. This document updates the statistics indicating how the use of various means of electronic payment has changed between 1995, 1998, and 2001. It notes that the use of electronic...
Measuring Credit Card Industry Chargeoffs: A Review of Sources and Methods
BNET
- 2003-09-01
The percentage of credit card loans that are charged off by card issuers during a particular month or quarter is an important metric. It provides insights into the financial health of the credit card industry and the U.S. consumer. After offering a brief overview of credit card charge-off reporting, this...
Consumer Credit Counseling: Credit Card Issuers' Perspectives
BNET
- 2003-09-01
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...
Is It Time to Reevaluate Mortgage Products in Your Portfolio?
BNET
- 2003-07-01
This article should not be construed as advocating a specific course of action concerning ALM, investment, and lending strategies. The only certainty is the lack of certainty about the timing of future interest rate movements. Understanding the risks embedded in investment and loan portfolios and funding will provide bankers the...
Voting With Your Feet: Consumers' Problems With Credit Cards and Exit Behaviors
BNET
- 2003-05-01
Given the high level of credit card use, the introduction of increasingly complex pricing practices, and the addition of new and inexperienced users, it is perhaps not surprising that the level of consumer complaints is high. Although it may not be surprising to observe a high level of complaints among...
Innovations in Financial Services and Payments
BNET
- 2003-01-17
Rapid innovation is changing the array of financial services and payment options available to customers. To examine the driving forces behind the surge of innovation and the adoption of new technology, the Payment Cards Center and the Research Department of the Federal Reserve Bank of Philadelphia hosted a conference on...
Managing Global Privacy
BNET
- 2002-09-01
This paper discusses how changing business practices, industry consolidation, electronic commerce, and economic trends have positioned consumer privacy as a key issue in the financial services sector that must be managed. The paper summarizes various privacy initiatives in other countries and compares them to the environment in the United States.
A Quantative Theory of Unsecured Consumer Credit With Risk of Default
BNET
- 2002-05-01
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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Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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