Presidents of the Federal Reserve Bank of Philadelphia
The president of the Federal Reserve Bank of Philadelphia is the chief executive officer of the Third Federal Reserve District, headquartered in Philadelphia, Pennsylvania. The president also serves on the Federal Open Market Committee (FOMC), which consists of 12 members: the seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and four of the remaining 11 Reserve Bank presidents, who serve one-year terms on a rotating basis. Nonvoting Reserve Bank presidents attend FOMC meetings, participate in the discussions, and contribute to the FOMC's assessment of the economy and policy options.
Prior to the enactment of the Banking Act of 1935, the chief executive officer of each Federal Reserve Bank held the title of governor.
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1914 - 1918 | Charles J. Rhoads
Title: Governor of the Federal Reserve Bank of Philadelphia
Charles J. Rhoads served as governor of the Federal Reserve Bank of Philadelphia from October 8, 1914, to February 8, 1918. -
1918 - 1920 | E. P. Passmore
Title: Governor of the Federal Reserve Bank of Philadelphia
E. P. Passmore served as governor of the Federal Reserve Bank of Philadelphia from February 8, 1918, to March 1, 1920. -
1920 - 1936 | George W. Norris
Title: Governor of the Federal Reserve Bank of Philadelphia
George W. Norris served as governor of the Federal Reserve Bank of Philadelphia from March 3, 1920, to February 29, 1936. -
1936 - 1941 | John S. Sinclair
Title: President of the Federal Reserve Bank of Philadelphia
John S. Sinclair served as president of the Federal Reserve Bank of Philadelphia from March 13, 1936, to June 30, 1941. -
1941 - 1958 | Alfred H. Williams
Title: President of the Federal Reserve Bank of Philadelphia
Alfred H. Williams served as president of the Federal Reserve Bank of Philadelphia from July 1, 1941, to February 28, 1958. -
1958 - 1970 | Karl R. Bopp
Title: President of the Federal Reserve Bank of Philadelphia
Karl R. Bopp served as president of the Federal Reserve Bank of Philadelphia from March 1, 1958, to February 28, 1970. -
1970 - 1981 | David P. Eastburn
Title: President of the Federal Reserve Bank of Philadelphia
David P. Eastburn served as president of the Federal Reserve Bank of Philadelphia from March 1, 1970, to January 31, 1981. -
1981 - 2000 | Edward G. Boehne
Title: President of the Federal Reserve Bank of Philadelphia
Edward G. Boehne served as president of the Federal Reserve Bank of Philadelphia from February 1, 1981, to May 31, 2000. -
2000 - 2006 | Anthony M. Santomero
Title: President of the Federal Reserve Bank of Philadelphia
Anthony M. Santomero served as president of the Federal Reserve Bank of Philadelphia from July 10, 2000, to March 31, 2006. -
2006 - 2015 | Charles I. Plosser
Title: President of the Federal Reserve Bank of Philadelphia
Charles I. Plosser served as president of the Federal Reserve Bank of Philadelphia from August 1, 2006, to February 28, 2015. -
2015 - | Patrick T. Harker
Title: President of the Federal Reserve Bank of Philadelphia
Patrick T. Harker began his term as president of the Federal Reserve Bank of Philadelphia on July 1, 2015.
The process for selecting a Federal Reserve Bank president is set forth in the Federal Reserve Act. The president is appointed by the individual Reserve Bank's board of directors and approved by the Board of Governors of the Federal Reserve System for a renewable term of five years. For additional details, see How is a Federal Reserve Bank president selected? published by the Board of Governors.
Presidents of the Federal Reserve Bank of Philadelphia. https://fraser.stlouisfed.org/timeline/presidents-frb-philadelphia, accessed on October 07, 2024.