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 sales - All News and Analysis
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...
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...
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...
Fraud Management in the Credit Card Industry
BNET
- 2002-04-01
Credit Card fraud can be defined as an unauthorized account activity by a person, for which the account was not intended. Operationally, this is an event for which action can be taken to stop the abuse in progress and incorporate risk management practices to protect against similar actions in the...
Credit Cards and Payment Efficiency
BNET
- 2001-08-01
In a relatively short period, credit cards have become many consumers' preferred means of payment for travel, entertainment, retail purchases, and in some cases bill payment. This paper focuses on the interchange's impact on payment system efficiency. The paper provides background information on interchange, a transaction-level overview of the credit...
Applying for Credit and Charge Cards
BNET
This article states that using credit and charge cards to pay for purchases is a fact of life for consumers today. Many people have at least one credit card, and it is not unusual for one person to hold several. Applications and solicitations for credit cards are readily available. People...
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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
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