Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia is one of the 12 regional banks in the Federal Reserve System, which is the central banking system of the United States. Located in Philadelphia, it helps implement national monetary policy, supervises banks, and provides financial services. It plays a key role in assessing economic conditions and collecting data on regional economic activity. By doing so, it contributes to the overall stability of the financial system and supports economic growth in its area, which includes parts of Pennsylvania, New Jersey, and Delaware.