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Annual Report

Board of Governors Releases 2019 Financial Statements

On Monday, March 23, 2020, the Board of Governors released the 2019 Financial Statements for the Federal Reserve Banks and the Board of Governors. You can find the 2019 statements on the Board’s website. External Link

2019 Annual Report

In our 2019 Annual Report, we look at how the Philadelphia Fed engages in two-way conversations to advance thinking on important issues, listen to concerns and insights from our constituents, and strengthen communities. This work laid the foundation for our efforts to support the economic recovery from COVID-19. The report also includes letters from President Patrick T. Harker and First Vice President James D. Narron and the financial statements.

2019 Annual Report PDF