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Encyclopedia > Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia, headquartered in Philadelphia, Pennsylvania, is responsible for the Third District of the Federal Reserve, which covers eastern Pennsylvania, southern New Jersey, and Delaware. The current President of the Philadelphia Fed is Anthony M. Santomero. Philadelphia is a village located in Jefferson County, New York. ... State nickname: The Keystone State Other U.S. States Capital Harrisburg Largest city Philadelphia Governor Ed Rendell (D) Official languages None Area 119,283 km² (33rd)  - Land 116,074 km²  - Water 3,208 km² (2. ... The Federal Reserve System is headquartered in the Eccles Building on Constitution Avenue in Washington, DC. The Federal Reserve System (also the Federal Reserve; informally The Fed) is the privately-operated central banking system of the United States. ... State nickname: The Keystone State Other U.S. States Capital Harrisburg Largest city Philadelphia Governor Ed Rendell (D) Official languages None Area 119,283 km² (33rd)  - Land 116,074 km²  - Water 3,208 km² (2. ... State nickname: The Garden State Other U.S. States Capital Trenton Largest city Newark Governor Richard Codey (D) Official languages None defined Area 22,608 km² (47th)  - Land 19,231 km²  - Water 3,378 km² (14. ... State nickname: The First State Other U.S. States Capital Dover Largest city Wilmington Governor Ruth Ann Minner Official languages None Area 6,452 km² (49th)  - Land 5,068 km²  - Water 1,387 km² (21. ...


The Philadelphia Fed conducts research on both the national and regional economy. Its regional manufacturing index (economics) is the first of the regional manufacturing reports released every month, which makes it very important to the financial community. Manufacturing is the transformation of raw materials into finished goods for sale, or intermediate processes involving the production or finishing of semi-manufactures. ... In economics and finance an index (for example a price index, a stockmarket index) is a benchmark of activity, performance or any evolution in general. ...


External Links

The Philadelphia Fed's home page


  Results from FactBites:
 
FRB Philadelphia (203 words)
A stronger labor market coupled with increased growth in real GDP is projected for the second half of 2005, according to 53 forecasters surveyed by the Federal Reserve Bank of Philadelphia.
The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 3-1/2 percent.
The Bank also released coincident indexes for all 50 states for June 2005.
  More results at FactBites »


 
 

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