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Friday, August 29, 2014

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Bank Appoints New Members to the Economic Advisory Council

For immediate release
Contact: Katherine Dibling, E-mail senior media representative, (215) 574-4119

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Philadelphia, Pa. — The Federal Reserve Bank of Philadelphia today announced the appointments of Teresa Bryce Bazemore, president of Radian Guaranty, Inc.; Cheryl Feldman, executive director of District 1199C Training & Upgrading Fund; and Edward J. Graham, chairman, president, and CEO of South Jersey Industries, to serve three-year terms on the Bank’s Economic Advisory Council.

The three appointees replace retiring inaugural members Edward Coryell, executive secretary-treasurer and business manager of the Metropolitan Regional Council of Carpenters Philadelphia and Vicinity; Sharmain Matlock-Turner, president of the Urban Affairs Coalition; and Christopher Schell, president and co-founder of Schell Brothers LLC, Lewes, Del.

The council includes representatives from diverse industries as well as nonprofits and organized labor in the Third Federal Reserve District, which covers Delaware, southern New Jersey, and eastern Pennsylvania.

Council members provide information to Federal Reserve Bank officials about business conditions in their industries and communities. Armed with these insights, Fed policymakers can make more informed decisions.

Teresa Bryce BazemoreTeresa Bryce Bazemore

Bazemore joined Radian Group, Inc. in October 2006 and is currently president of Radian Guaranty, the company’s principal mortgage insurance business. Prior to her appointment as president, she served as the company’s executive vice president, chief legal counsel, chief risk officer, and corporate secretary. Before that, Bazemore was general counsel, senior vice president, and secretary for Nexstar Financial Corp. Earlier in her career, she held leadership positions with Bank of America Mortgage, PNC Mortgage Corp., and Prudential Home Mortgage Co.

Bazemore serves as president of the Mortgage Insurance Companies of America. She has served on the board of directors of the Mortgage Bankers Association, the Consumer Advisory Council of the Federal Reserve Board of Governors, and the Fannie Mae National Advisory Council. She holds a bachelor’s degree from the University of Virginia and a J.D. from Columbia University. She received the 2011 Credit to Greater Philadelphia Award from the Consumer Credit Counseling Service of Delaware Valley and was named one of the 75 most powerful women in business by Black Enterprise magazine in 2010.

Cheryl FeldmanCheryl Feldman

Feldman has worked for the District 1199C Training & Upgrading Fund (Training Fund), a labor-management educational trust fund, for 30 years. She directs the Training Fund’s activities, which provide educational opportunities for the members of District 1199C (Philadelphia Hospital and Health Care Employees), an American Federation of State, County, and Municipal Employees affiliate, as well as for community residents. The Training Fund emphasizes workforce and career ladder programs. Feldman has helped to develop the Training Fund’s learning center and to bring federal, state, and foundation grant funds to the Philadelphia region. She holds a bachelor’s degree from Oberlin College and a master’s degree in social work from the University of Pennsylvania. Feldman is a member of the Philadelphia Youth Council.

Edward J. GrahamEdward J. Graham

Graham leads South Jersey Industries (SJI), an energy services holding company, and serves as director, president, and CEO of South Jersey Gas Company. After joining SJI in 1981, he held various professional and managerial positions prior to becoming an officer of South Jersey Gas in 1988. Graham is an officer and a member of the board of directors of Choose New Jersey, and he serves on the boards of several other industry and business associations. He is also a member of the William J. Hughes Center for Public Policy. Graham holds a bachelor’s degree from Rider University and an MBA in finance and investment from Drexel University.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. 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. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.

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