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April 25, 2015 12:24 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. The company engages in formulating and implementing monetary policies. It also supervises and regulates banks, as well as bank, savings, and loan holding companies; and provides financial services to depository institutions and the federal government. In addition, the company performs services for the U.S. treasury; and supports an effective payments system. It serves customers in eastern Pennsylvania, southern New Jersey, and Delaware. 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: 55
Founder and Chairman
Age: 62
Vice Chairman and Chief Financial Officer
Age: 49
Chief Operating Officer and First Vice President
Chief Information Officer and Senior Vice President
Compensation as of Fiscal Year 2014.

Federal Reserve Bank of Philadelphia, Inc. Key Developments

Federal Reserve Bank of Philadelphia, Inc. Announces Management Changes

Patrick T. Harker has been named president and chief executive officer of the Federal Reserve Bank of Philadelphia. Charles I. Plosser, who had been president and CEO retired effective March 1, 2015. Harker is president of the University of Delaware and a member of the Philadelphia Fed's board of directors. In addition to serving as president of the University of Delaware, Harker is also a professor of business administration in the university's Alfred Lerner College of Business and Economics and a professor of civil and environmental engineering in the university's College of Engineering.

Federal Reserve Bank of Philadelphia Announces Executive Promotions

The Federal Reserve Bank of Philadelphia has announced the following promotions: Robert F. Mucerino has been promoted to vice president in the treasury services department from assistant vice president; Julia Cheney to assistant vice president and assistant director in the payment cards center from officer and assistant director; Kim Taylor to assistant vice president in human resources from officer. Michael Costello and Andrew Kish have been promoted to assistant vice presidents in the supervision, regulation, and credit department. Costello was business technology officer and Kish was senior financial risk manager.

The Federal Reserve Bank of Philadelphia Promotes Robert F. Mucerino to Vice President Treasury Services

The Federal Reserve Bank of Philadelphia announced that Robert F. Mucerino has been promoted to Vice President in the Bank's Treasury Services Department. Mucerino has held several supervisory and managerial positions since joining the Bank in 1979. He was promoted to officer in 2008 and became assistant vice president in 2010. As vice president of Treasury Services, he leads the Collateral Management System. Mucerino will also oversee the Bank's records management and mail services functions.

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