Federal Reserve Bank of Philadelphia

What Federal Reserve Bank of Philadelphia does

The Federal Reserve Bank of Philadelphia is one of 12 regional Reserve Banks comprising the U.S. Federal Reserve System and serves the Third Federal Reserve District, covering eastern Pennsylvania, southern New Jersey, and Delaware. Its core functions include the formulation and implementation of U.S. monetary policy through participation in the Federal Open Market Committee, the supervision and regulation of state-chartered member banks and bank holding companies within its district, the provision of payments system services (including check processing and electronic payments), and the production of regional economic research and data products. The Bank also conducts community development and economic education programs targeting underserved populations and the general public.

The Bank's principal research and data products include the Survey of Professional Forecasters, the Manufacturing Business Outlook Survey, and the Anchor Economy Dashboard — a community-level economic indicator tool. It also operates the Money in Motion exhibit at its Philadelphia headquarters, a public-facing economic education facility. These products are delivered free of charge to their respective audiences. The Bank does not price its services on a commercial basis; its operating expenses are funded through the Federal Reserve System's combined net income, which is generated primarily from interest on securities holdings and other System assets.

The Bank's leadership is headed by a President (currently Anna Paulson), who also serves as a member of the Federal Open Market Committee and participates in setting national monetary policy. The institution does not compete in any market in the conventional sense — its role is statutory and its territory is defined by the Federal Reserve Act. Its competitive position is therefore not a function of commercial strategy but of constitutional and statutory authority, and its outputs are evaluated against public-interest mandates rather than financial returns.

Name

Federal Reserve Bank of Philadelphia

Legal name

Federal Reserve Bank of Philadelphia

Website

https://philadelphiafed.org

Company type

Private

Founded year

1913

Operating status

Operating

Headcount range

501–1,000 employees

Short description

The Federal Reserve Bank of Philadelphia is one of 12 regional U.S. central banks, serving the Third Federal Reserve District (eastern Pennsylvania, southern New Jersey, Delaware). It implements monetary policy, supervises member banks, produces regional economic research, and runs community development and economic education programs.

Ownership category

akta.pro rank

Product category

Central Banking Services

NAICS

Monetary Authorities-Central Bank (52111), Monetary Authorities-Central Bank (521)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Central Bank Reserve Management (FSAAAGAF)

akta.pro secondary industry

Policy Banks (Government-Directed Lending Banks) (FSABAKAM)

Keywords

• Monetary policy research
• Economic data services
• Bank supervision
• Regional economics
• Consumer finance research

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Public Services: As a Federal Reserve Bank, the institution provides public goods including economic research, data services, and educational resources at no charge to support the nation's monetary policy and economic understanding. The bank does not generate revenue in the traditional commercial sense.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels11 records

Core offering

The Federal Reserve Bank of Philadelphia is one of 12 regional Federal Reserve Banks, serving the Third District (Delaware, southern New Jersey, and eastern and central Pennsylvania). It helps formulate and implement U.S. monetary policy, supervises banks and bank holding companies, and provides a portfolio of economic research, data tools, and surveys to the public free of charge.

Product overview

The Federal Reserve Bank of Philadelphia offers a platform of economic research and data tools serving its Third District (Delaware, southern New Jersey, and eastern Pennsylvania) and the broader U.S. economy. The core offerings include the Anchor Economy Dashboard for tracking higher education and hospital economic impacts, the Consumer Credit Explorer for consumer credit trends, and the Large Bank Credit Card and Mortgage Data from FR Y-14M filings. The Bank also publishes real-time economic indices including the Aruoba-Diebold-Scotti Business Conditions Index, GDPplus, and Aruoba Term Structure of Inflation Expectations. Regional economic monitoring is supported through the State Coincident Indexes, Manufacturing and Nonmanufacturing Business Outlook Surveys, the Third District Beige Book, and the Livingston Survey. Additional offerings include the LIFE Survey on consumer finances and the Money in Motion public exhibit on monetary history. The Bank also maintains supporting documentation tools including Consumer Credit Explorer Calculations, Definitions, and Data Sources pages.

Differentiator

Problem solved

Functional benefit

Products and services

• Anchor Economy Dashboard Interactive data dashboard that tracks the economic impact of higher education and health-care institutions across 520 multicounty U.S. regions, providing data on employment, income, and GDP for both sectors with a reliance index showing economic dependence on anchor institutions.
• Consumer Credit Explorer Interactive tool for examining trends in consumer credit use at regional, state, and national levels using Federal Reserve Bank of New York Consumer Credit Panel/Equifax data, enabling analysis of credit use, average debt levels, and delinquency rates.
• Large Bank Credit Card and Mortgage Data Quarterly data publication derived from FR Y-14M credit card and mortgage data provided by the largest U.S. financial institutions, offering aggregate data on credit card and first-lien mortgages including portfolio composition, credit performance, and origination activities.
• State Coincident Indexes Monthly coincident index for each of the 50 states that summarizes current economic conditions using four state-level indicators: nonfarm payroll employment, average hours worked in manufacturing, unemployment rate, and wages and salaries with proprietors' income.
• Aruoba-Diebold-Scotti Business Conditions Index Real-time data research index that tracks business conditions across the U.S. economy.
• GDPplus Real-time data research tool providing macroeconomic indicators for economic analysis.
• Aruoba Term Structure of Inflation Expectations Real-time data research index tracking inflation expectations across different time horizons.
• Livingston Survey Half-century-old survey collecting forecasts from economists about inflation, unemployment, and other key economic indicators.
• Survey of Professional Forecasters Quarterly survey that collects forecasts from economists about the U.S. economy, providing consensus forecasts and individual predictions.
• Manufacturing Business Outlook Survey Monthly survey of manufacturing firms in the Third District measuring business conditions, including new orders, shipments, employment, and inventory levels.
• Nonmanufacturing Business Outlook Survey Monthly survey of nonmanufacturing firms in the Third District measuring business conditions including sales, revenue, employment, and capital spending.
• Third District Beige Book Summary of current economic conditions in the Third District (Delaware, southern New Jersey, and eastern Pennsylvania) prepared ahead of Federal Open Market Committee meetings.
• LIFE Survey Quarterly Labor, Income, Finances, and Expectations Survey providing insight into consumers' recent financial lives and future expectations.
• Money in Motion Exhibit Dynamic, interactive museum exhibit that brings monetary history to life through historic currency and coin artifacts alongside interactive displays on banking and monetary policy, featuring hands-on installations including a replica bank vault and simulated Federal Open Market Committee table.

Quantifiable outcome

• Hospitals and universities contribute $2.2 trillion annually to U.S. economy
• +4 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators10 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Bank for International Settlements: International organization owned by central banks, often described as the 'central bank of central banks.' Conducts cross-border monetary research and serves as a coordination forum, comparable in mandate to a Federal Reserve Bank but operating globally rather than regionally.
• Federal Reserve Board of Governors: Central governing body of the Federal Reserve System headquartered in Washington, D.C. Oversees all 12 regional banks including the Philadelphia Fed, sets regulatory framework, and coordinates national monetary policy. Operates broadly across the entire system rather than at the district level.

Others

• Congressional Budget Office: Nonpartisan federal agency producing budget, economic, and policy analysis for the U.S. Congress. Comparable in mission (public economic analysis and forecasting for policymakers) and audience, though focused on fiscal rather than monetary policy.
• Bureau of Economic Analysis: U.S. Department of Commerce agency that produces official GDP, personal income, and regional economic statistics. Complementary public-sector data producer whose national accounts and state-level GDP data overlap with the Philadelphia Fed's regional analysis mandate.
• Bureau of Labor Statistics: U.S. federal statistical agency producing employment, inflation (CPI), and wage data. Provides foundational labor market data series that feed the Philadelphia Fed's State Coincident Indexes and regional economic analysis products.

Direct peers

• Federal Reserve Bank of Cleveland: Regional Federal Reserve Bank with comparable operating model including Inflation Expectations data, regional surveys, and community development research. Often co-hosts events with other regional Fed banks (e.g., State of Small Business Symposium with Philadelphia Fed in June 2026).
• Federal Reserve Bank of Boston: Regional Federal Reserve Bank with comparable product suite including New England Economic Indicators and community development research. Direct peer in serving a defined district with research, surveys, and public engagement programs.
• Federal Reserve Bank of Chicago: Regional Federal Reserve Bank with overlapping research and data products including the National Activity Index (CFNAI) and similar economic survey programs. Operates a comparable structure with research, surveys, and district-specific publications serving the Seventh District.
• Federal Reserve Bank of New York: Regional Federal Reserve Bank serving the Second District with the largest balance sheet in the Federal Reserve System, a permanent FOMC voting seat, and core data franchises (Consumer Credit Panel/Equifax) that the Philadelphia Fed leverages. Most directly comparable Fed bank by data product overlap and policy influence.
• Federal Reserve Bank of Atlanta: Regional Federal Reserve Bank with similarly broad product suite including Wage Growth Tracker, Survey of Consumer Expectations, and GDPNow forecasting tool. Direct peer in regional economic analysis and community development research.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/philadelphiafed
• YouTubeyoutube.com/user/PhillyFed
• Facebookfacebook.com/philadelphiafed
• LinkedInlinkedin.com/company/federal-reserve-bank-of-philadelphia
• Instagraminstagram.com/philadelphiafed

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Federal Reserve Bank of Philadelphia