For immediate release
Contact: Katherine Dibling, 215-574-4119
PHILADELPHIA - The Federal Reserve Bank of Philadelphia has promoted Blake Prichard, its senior vice president in charge of retail payments, to the position of executive vice president. In his new position, he will be responsible for the Bank’s Information Technology Services Department and assume leadership positions in IT across the Federal Reserve System. He will continue to have responsibility for the Bank’s retail payment and customer relations functions.
Retail payments include automated clearinghouse operations (ACH), check processing and adjustments, special services for the U.S. Treasury, and payor bank services. These operations are principally focused on check and ACH payments within the Philadelphia Fed’s District, which covers eastern Pennsylvania, southern New Jersey, and Delaware. These operations are also part of a nationwide payments system facilitating payments with all domestic financial institutions.
Prichard has worked in the Federal Reserve System for about 30 years. During the first 20 years of his career, he worked at the Federal Reserve Bank of Boston, last serving as a vice president. He started at the Philadelphia Federal Reserve in 1992 as a senior vice president of retail payments. He left the bank in 2003 to be vice president, Global Outsourcing, for UNISYS, a worldwide information technology services and solutions company in Blue Bell, Pa. He returned to the Philadelphia Fed in 2004.
Prichard is on the board of the Chester County Council, Boy Scouts of America. He has a bachelor’s degree in management information systems from Northeastern University, Boston, and he attended the Sloan School of Management at MIT in Cambridge, Mass.
The Federal Reserve Bank of Philadelphia serves depository institutions in eastern Pennsylvania, southern New Jersey, and Delaware. The Bank supplies cash to the banks and thrifts, supervises them, collects and processes about 5 million checks daily, wires money and securities nationwide, and participates in the broader objective of setting monetary policy.