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Wednesday, January 28, 2015

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News & Advisories

South Jersey Business Survey Released

January 22, 2015 — The South Jersey Business Survey for the fourth quarter of 2014 has been released. The survey is based on responses from members of the Chamber of Commerce of Southern New Jersey. Read the report. PDF

Business Conditions Index Updated

January 22, 2015 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on initial jobless claims for the week ending 1/17/2015.

Nonmanufacturing Firms in the Region Report Slower Expansion

January 20, 2015 — The pace of activity in the region's nonmanufacturing sectors slowed in January, according to firms responding to this month's Nonmanufacturing Business Outlook Survey. The diffusion index for current activity at the firm level decreased from 47.5 in December to 8.8 in January, its lowest reading since February 2014. Read the report.

Wood Appointed to Community Depository Institutions Advisory Council

January 16, 2015 — William Wood, chairman, president, and CEO of CBT Financial Corporation and Clearfield Bank & Trust Company, was appointed to the Bank's Community Depository Institutions Advisory Council. The council shares insights about economic and business trends facing community depository institutions in their local markets. Read the press release.

Business Conditions Index Updated

January 16, 2015 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on industrial production for December 2014.

Manufacturing Activity Slowed in January

January 15, 2015 — Manufacturing activity grew at a slower pace in January, according to firms responding to the latest Manufacturing Business Outlook Survey. The diffusion index of current activity decreased from a revised reading of 24.3 in December to 6.3 this month. Read the report. Listen to the audio conference. YouTube

Business Conditions Index Updated

January 15, 2015 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on initial jobless claims for the week ending 1/10/2015.

Philadelphia Fed Engages Korn Ferry to Conduct Presidential Search; Korn Ferry Sets Up Inquiry E-mail Box

November 14, 2014 — In the interest of helping the Federal Reserve Bank of Philadelphia conduct a broad search for its next president, executive search firm Korn Ferry has established an e-mail address to receive inquiries: PhiladelphiaFedPresident@KornFerry.com. The Philadelphia Fed announced earlier that it has retained the services of executive search firm Korn Ferry to conduct the search for its new president and CEO.

President Charles I. Plosser, 66, who has served as the Bank's president since August 2006, will retire effective March 1, 2015. The Bank will conduct a broad search and consider a diverse group of candidates from inside and outside the Federal Reserve System.

Media Contacts

Marilyn Wimp, ABC E-mail
Manager of Media Relations
(215) 574-4197
(267) 254-4555 (cell)

Daneil Mazone E-mail
Senior Media Relations Representative
(215) 574-7163
(267) 535-1808 (cell)

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