Banking
As the Federal Reserve Bank of Philadelphia, we oversee holding companies and state-chartered member banks throughout the Third Federal Reserve District. We promote safety and soundness, ensure customers are treated fairly, and serve as a center of knowledge and resources for our District.
Financial Institutions Relations
Our goal is to maintain strong relationships with the financial institutions in our District. We offer leadership, support, and expertise on matters concerning supervision, compliance, regulation, financial reporting, and credit risk management to the financial services industry. We welcome the opportunity to discuss the needs and concerns of financial institutions.
Large Bank Credit Card and Mortgage Data 2025 Q4 Insights Report
First mortgage credit performance remains solid, while card delinquencies moderate.
Read the 2025 Q4 Insights Report
Working Paper
Flight to Safety: Evaluating Stablecoin’s Role as a Safe-Haven Asset in DeFi Markets
WP 26-24 – This study examines the impact of the stablecoin Tether (USDT) on systemic liquidity across the Ethereum and Bitcoin markets, utilizing an event study approach that integrates on-chain wallet data, pricing, and financial metrics.
Article
AI-Enabled Fraud Is On the Rise — Here’s How to Beat It
A February 2024 deepfake scam in Hong Kong, where an employee wired $3.2 million to fraudsters posing as executives, highlights a critical reality: AI-enabled fraud is on the rise.
About
Become a State Member Bank
Last updated: April 2023
The Federal Reserve Bank of Philadelphia welcomes the opportunity to discuss Federal Reserve membership with bank officers, directors, organizers, and advisors. While Federal Reserve discount windows and other services are available to all financial institutions, there are unique considerations to being a member of the Federal Reserve System.