Whois & Analysis for philadelphiafed.org

The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States.

It was created on December 23, 1913, with the enactment of the Federal Reserve Act in response to a series of financial panics (particularly the panic of 1907) that showed the need for central control of the monetary system if crises are to be avoided.

Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s led to the expansion of the roles and responsibilities of the Federal Reserve System.

The Federal Reserve Bank of Philadelphia, also known as the Philadelphia Fed and the Philly Fed – headquartered at 10 N.

Independence Mall West (N.

6th Street) at Arch Street, Philadelphia, Pennsylvania, with an additional entrance at N.

7th Street – is responsible for the Third District of the Federal Reserve, which covers eastern and central Pennsylvania, the nine southern counties of New Jersey, and Delaware.

Its geographical territory is by far the smallest in the system, and its population base is the second-smallest (next to the Federal Reserve Bank of Minneapolis).

The current President of the Philadelphia Fed is Patrick T.

Harker.

Washington, D.C., formally the District of Columbia and commonly referred to as "Washington", "the District", or simply "D.C.", is the capital of the United States.

Delaware is a state located in the Mid-Atlantic and/or Northeastern regions of the United States.

It is bordered to the south and west by Maryland, to the northeast by New Jersey, and to the north by Pennsylvania.

The state takes its name from Thomas West, 3rd Baron De La Warr, an English nobleman and Virginia's first colonial governor.

A bank holding company is a company that controls one or more banks, but does not necessarily engage in banking itself.