Federal Reserve Bank of Philadelphia

ALERT: Be aware of potentially fake online job postings that claim to be from the Federal Reserve. Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.

What happens when a Federal Reserve Bank needs a new president? Watch this video to learn about the process for selecting a Federal Reserve Bank president and visit our website for details about the search for the next Philadelphia Fed president. https://bit.ly/47fd2B1

Earnings risk and interest rate risk remain the primary financial concerns for community banks within the Third District, according to the 2024 Q2 Third District Banking Conditions report. Asset quality continues to demonstrate solid performance. Capital levels remain adequate. Liquidity levels are satisfactory. View the report to learn more. Third District Banking Conditions is a semiannual report comparing the trends of Third District community banks with their national peers. https://bit.ly/4e2FCIo

Do you work in the #DigitalInclusion space? Register now for the Digital Inclusion Research Webinar Series, hosted as part of #DigitalInclusionWeek. https://bit.ly/3TqeURJ Attend one or more of the sessions hosted by the Federal Reserve Banks of Atlanta, Dallas, Kansas City, New York, and Philadelphia. This series highlights the latest digital inclusion research and features emerging methodologies and best practices in the field. You’ll join academics, researchers, community development practitioners, and policymakers for impactful conversations about program evaluation, outcomes measurement, historically underserved communities, and much more. Register today. https://bit.ly/3TqeURJ

The U.S. population is experiencing sweeping demographic changes that are altering housing demand. The population is aging rapidly, and homeowners face difficult decisions about whether to “age in place” in their homes or move, a situation made more complex by some homeowners’ need to access home equity, the largest source of savings many have. Meanwhile, household formation among younger generations is on the rise, with prospective homeowners facing a limited supply of homes, rising interest rates, and affordability pressures. The future may also bring unique challenges related to disaster events, global migration stemming from geopolitical crises, and postpandemic changes in remote versus in-person work. https://bit.ly/3XhaLAO To better understand these issues, Fannie Mae’s Economic and Strategic Research Group and the Federal Reserve Bank of Philadelphia's Consumer Finance Institute are co-organizing a workshop to convene academic researchers, policy analysts, and industry experts to examine the evolving relationships between demographic change, housing demand, and housing finance. https://bit.ly/3XhaLAO Register to join us on October 24 and 25 in Washington, D.C., or join the conversation online. https://bit.ly/3XhaLAO #housing #HousingPolicy #DemographicChanges

The search for a Federal Reserve Bank president is a process set forth in the Federal Reserve Act. Learn more about the selection process for Reserve Bank presidents and the roles and responsibilities of the Banks and their leaders in this short video. Follow us to stay up to date on the search for the next Philadelphia Fed president. https://bit.ly/47fd2B1

At the Federal Reserve Bank of Philadelphia, we understand the vital role diversity, equity, and inclusion (DEI) plays in our mission to encourage economic growth and financial stability. Each year, the Bank’s Office of Diversity, Equity & Inclusion hosts a forum to engage human resources and DEI practitioners in thoughtful conversations about the opportunities and challenges of fostering diverse, equitable, and inclusive workplaces. This year’s Forum will focus on exploring the value that diversity, equity, and inclusion brings to the workplace and how organizations can continue to take a data-driven approach to DEI in their business and workforce objectives. Featuring keynote speaker Stephanie Creary, PhD, an assistant professor of management at The Wharton School of the University of Pennsylvania, the event will include a presentation and panel discussion of best practices for DEI in organizations. Panelists include: • DK Bartley, Global Chief Diversity, Equity and Inclusion Officer, Hill & Knowlton • Minal Bopaiah, Founder, Brevity & Wit • Katie Oertli Mooney, Managing Director, Diversity Best Practices, Seramount This hybrid event is complimentary, but registration is required. https://bit.ly/3AVzXW5 #diversityandinclusion #diversity #DEIforum #DEILeader

As a recruiter in Human Resources, Cydnee Bryant connects with job candidates to bridge the gap between application and employment. When sharing why the Bank is a great place to work with prospective employees, it helps that she truly sees and feels it. When Cydnee seeks out top candidates to join the team at the Federal Reserve Bank of Philadelphia, she’s making the work we do here possible. Her path to Human Resources was not necessarily straight and direct, but previous roles helped her realize her strengths and passions lie in connecting with people at every career stage. #OurPeopleOurStories showcases employees to tell the story of the Philadelphia Fed and celebrate the work we do to improve the Third District. https://bit.ly/3yYI97j

The search is underway for our next president and chief executive officer to succeed President Patrick T. Harker, whose tenure will conclude on June 30, 2025. The president is responsible for all Philadelphia Fed activities, including monetary policy, bank supervision, community outreach and development, and payments services and technologies. In addition, the president serves on the Federal Reserve System's monetary policymaking body, the Federal Open Market Committee. A search committee comprising six members of the Bank’s board of directors has been formed to lead the effort. The committee is conducting an extensive nationwide search to find a broad, highly qualified, and diverse pool of candidates for this important leadership position. Anthony Ibargüen, chair of the Philadelphia Fed board of directors and Search Committee, said, “Our new president is going to be a respected and dynamic leader of people who will be in charge of laying out the future vision and mission for our hundreds of employees.” Learn more. https://bit.ly/47fd2B1

Since January 2022, the Consumer Finance Institute has collected information about cryptocurrency ownership from six different surveys; all six of those surveys asked about current ownership of cryptocurrency, while three also asked about likelihood to purchase crypto in the future. Comparing the survey results to cryptocurrency market performance, researchers have observed a disconnect between market prices and ownership over the last two years. While findings show a clear decrease in ownership and interest in purchasing during the crypto winter of 2022, recent growth in the market has not been accompanied by an increase in ownership in our survey population. https://bit.ly/3TiwrLC