June’s Coincident Indexes Show Increased Economic Activity in 40 States

The Bank has released the June state coincident indexes, which measure current economic activity in each of the 50 states. This month’s coincident indexes suggest expansion in 40 states. Read the report.

Regional Activity in Nonmanufacturing Industries Decelerates in July

The pace of activity in the region’s nonmanufacturing sectors decelerated in July, according to firms responding to this month’s Nonmanufacturing Business Outlook Survey. The diffusion index for current activity at the firm level fell from 51.4 in June to 2.7 this month. Nonetheless, firms are highly optimistic about activity increasing in the region over the next six months. Read the report.

Manufacturing Activity Increased Modestly in July

Manufacturing activity in the region increased modestly in July, according to firms responding to this month’s Manufacturing Business Outlook Survey. The diffusion index of current activity, while still positive, decreased from 15.2 in June to 5.7 this month. Read the report.

Bank Appoints Advisory Council Member

The Philadelphia Fed announced the appointment of Christopher D. Maher, president and CEO of OceanFirst Bank and its parent company OceanFirst Financial Corp., to its Community Depository Institutions Advisory Council (CDIAC). Read the release.

Patrick T. Harker Takes Office as President and CEO of the Philadelphia Fed

Patrick T. Harker took office as the 11th president and CEO of the Federal Reserve Bank of Philadelphia on July 1, 2015. In this role, Harker leads the Philadelphia Fed and participates on the Federal Open Market Committee, which formulates the nation’s monetary policy. Read his bio.

Beyond the Numbers

This new report is a qualitative companion to the Affordability and Availability of Rental Housing in the Third Federal Reserve District: 2015. It presents an in-depth look at the challenges and trends associated with rental housing. Read the report.

Monetary Policy Report Explores Rules for Benchmarking

The Bank has released its latest "Monetary Policy Report: Using Rules for Benchmarking," which highlights ongoing work to benchmark the stance of monetary policy using a range of robust policy rules. Read the report. 

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. One of the 12 regional Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware. Learn more about us.