About Federal Reserve Bank of Philadelphia
We are one of 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. As the central bank of the nation, we work to ensure the strength and integrity of the U.S. economy and financial system.
Congress created the Federal Reserve in 1913 to encourage stability in the nation’s monetary and financial system. The Federal Reserve is made up of 12 Reserve Banks spread across the country and the Board of Governors, located in Washington, D.C., which provides central oversight of the system… Continue reading about Federal Reserve Bank of Philadelphia here.