Federal Reserve Bank of Philadelphia
The Federal Reserve Bank of Philadelphia serves the Third Federal Reserve District, which consists of eastern Pennsylvania, southern New Jersey, and Delaware. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. As the nation’s central bank, the Federal Reserve System works to ensure the strength and integrity of the economy and financial system.
The Fed’s basic mission is to create the financial conditions that foster economic growth: stable prices, sound banking practices, and a reliable payments system. In pursuit of its mission, the Fed operates in four distinct but interconnected areas: conducting the nation’s monetary policy; supervising and regulating financial institutions; performing services for the U.S. Treasury; and supporting an effective and efficient payments system.