About Us

The Federal Reserve System includes 12 independent regional Reserve Banks located across the U.S. and the Federal Reserve Board of Governors in Washington, D.C. The Philadelphia Fed is the home of the Federal Reserve’s Third District, serving Delaware, southern New Jersey, and eastern and central Pennsylvania.


Our Focus

We are the nation’s central bank, committed to a sound financial system and a strong, healthy economy. We foster the stability, integrity, and efficiency of our nation’s monetary, financial, and payments systems. We create conditions that generate jobs, promote price stability, and promote inclusive economic growth, and fair and impartial credit access.

Our Principles

At the Philadelphia Fed, we are committed to diversity and inclusion in terms of race, ethnicity, gender identity, sexual orientation, physical or mental ability, socioeconomic status, age, religious and political beliefs, and other attributes that differentiate individuals. We promote these standards among our workforce, our suppliers, and in the Third District.

The Third District

  • Home to over 13.3 million people in Delaware, southern New Jersey, and eastern and central Pennsylvania. That's 4.6 percent of the country's population in just 1 percent of the country's land.
  • The three states combined have nearly the same employment shares as the overall U.S. in the trade, transportation, and utilities sectors and the professional and business services sectors.
  • The District has slightly higher employment in the education and health services sectors than that of the nation.

Annual Report 2020 for desktop

Annual Report 2023

In our 2023 Annual Report, Philadelphia Fed President Patrick T. Harker and First Vice President Jeanne R. Rentezelas share their insights on the Bank’s 2023 accomplishments and what lies ahead. On this page, you can also learn more about some of our key initiatives and programs in 2023.

Request a Speaker

The Bank offers a variety of expert speakers on a range of topics related to our work. You can request an appearance by a Bank employee by completing our request form with information about your upcoming event.