Philadelphia Federal Reserve

The Philadelphia Federal Reserve is one of 12 regional banks that make up the Federal Reserve System, America's central banking authority. It serves the Third Federal Reserve District, which includes eastern Pennsylvania, southern New Jersey, and Delaware. The bank monitors economic conditions, conducts research, and provides financial services to banks and the U.S. government. Its key role is helping set monetary policy—like interest rates—to promote stable prices, maximum employment, and economic growth across the country. Essentially, it helps ensure the U.S. economy remains balanced and healthy.