© 2026 Improve the News Foundation.
All rights reserved.
Version 7.4.1
The Federal Reserve Bank of Philadelphia is one of the twelve regional Reserve Banks that, together with the Board of Governors, make up the Federal Reserve System, the central bank of the United States. It serves the Third Federal Reserve District, covering eastern Pennsylvania, southern New Jersey, and Delaware, and is responsible for formulating and implementing monetary policy, supervising banks, and providing financial services to depository institutions and the federal government.