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October 13, 2015 10:06 AM ET

Diversified Financial Services

Company Overview of Federal Reserve Bank of Philadelphia, Inc.

Company Overview

Federal Reserve Bank of Philadelphia, Inc. provides central banking services in Pennsylvania, southern New Jersey, and Delaware. It helps formulating and implementing monetary policies; supervises banks, and bank and savings and loan holding companies; provides financial services to depository institutions and the federal government; performs services for the U.S. Treasury; and supports an effective payments system. The company was founded in 1914 and is based in Philadelphia, Pennsylvania.

Ten Independence Mall

Philadelphia, PA 19106-1574

United States

Founded in 1914





Key Executives for Federal Reserve Bank of Philadelphia, Inc.

Chief Executive Officer, President and Director
Age: 56
Vice Chairman and Chief Financial Officer
Age: 50
Chief Operating Officer and First Vice President
Chief Information Officer and Senior Vice President
Senior Vice President and General Counsel
Compensation as of Fiscal Year 2015.

Federal Reserve Bank of Philadelphia, Inc. Key Developments

Federal Reserve Bank of Philadelphia, Inc. Appoints William G. Spaniel to Head the Bank's Supervision, Regulation, and Credit Department as Senior Vice President and Lending Officer, Effective November 1, 2015

The Federal Reserve Bank of Philadelphia has announced that William G. Spaniel will head the bank's supervision, regulation, and credit department as senior vice president and lending officer, effective November 1, 2015. Spaniel, who is currently senior associate director of the division of banking supervision and regulation (BSR) at the board of governors, will report directly to Patrick T. Harker, president and chief executive officer. Spaniel will join the senior management team in philadelphia after 25 years at the board of governors, where he advanced through staff and officer positions. Currently, he has responsibility for the day-to-day administration and operations of the division, budgeting, and the quality assurance function for oversight of supervision. Spaniel joined the board of governors staff in 1990 as a supervisory financial analyst and advanced to assistant to the director for BSR before he was appointed assistant director in 2000. He was promoted to deputy associate director in 2003, to associate director in 2006, and to senior associate director in 2008. Prior to joining the federal reserve, spaniel was a senior consultant for KPMG, specializing in credit administration, profit improvement, and regulatory compliance. He began his career as a compliance officer for a $1 billion savings and loan.

Blake Prichard Plans to Retire as Vice President and Chief Operating Officer of the Federal Reserve Bank of Philadelphia

Blake Prichard, first vice president and chief operating officer of the Federal Reserve Bank of Philadelphia, has announced his plans to retire on February 29, 2016.

Federal Reserve Bank of Philadelphia Announces Executive Promotions

The Federal Reserve Bank of Philadelphia has announced the promotions of Stephen G. Hart to vice president in the Human Resources Department and Keith Morales to vice president and information security officer in the Information Technology Services Department. Hart joined the Bank in 1985 as a marketing analyst and served in the Business Development Department for sixteen years. As vice president, Hart will continue to lead talent management; staffing and recruiting; diversity and inclusion initiatives; and Human Resources Information Systems, a function within Human Resources that involves data collection and warehousing employee information. In addition to his work at the Bank, Hart serves as president of the Pennsylvania/Delaware/New Jersey Distance Learning Association and is a member of the Society for Human Resource Management. Morales was promoted to information security officer in the Bank's Information Technology Services Department in 2010. He oversees the Bank's information technology and information security functions. Since joining the Bank in 1992, he has led projects that resolved business challenges and made significant contributions to the cybersecurity of the Bank and the Federal Reserve System.

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