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Federal Reserve Bank Names Business Advisory Council Members

For release: August 29, 2001
Contact: Marilyn Wimp (215) 574-4197

The Federal Reserve Bank of Philadelphia has selected several business leaders to serve on its Business Advisory Council. Council members advise the Federal Reserve on regional business conditions and issues that impact the marketplace. The three-year term starts this year.

Janis Herschkowitz, president and chief executive officer of PRL, Inc. in Cornwall, Pa., has been selected to chair the Business Advisory Council. In 2000, United States Representative George Gekas appointed Herschkowitz as a primary delegate to the 2000 Congressional Small Business Summit held in Washington, D.C. She graduated from Pennsylvania State University and earned her MBA from the University of Texas in Austin.

Audrey S. Oswell, president and chief operating officer of Resorts Atlantic City in Atlantic City, N.J., is among the newest members of the advisory council. Oswell was named 1998 Businesswoman of the Year for the Greater Atlantic City Chamber of Commerce. She earned her bachelor's degree at Temple University and her MBA at Drexel University.

John K. Ball, chairman, president and chief executive officer of R.M. Shoemaker Co. in West Conshohocken, Pa., is a new member of the advisory council. He serves as director for The Reinvestment Fund. Ball received his AB in economics from Duke University and graduated from the advanced management program at the Wharton School of the University of Pennsylvania.

Mitchell L. Morgan, president of Morgan Properties in King of Prussia, Pa., is among the newly selected members of the business council. Morgan is serving as the 2001 vice president of the Apartment Association of Greater Philadelphia. He completed his undergraduate and graduate studies at Temple University.

Marianne McGettigan Kehan, chair and chief executive officer of McGettigan Partners in Philadelphia, has been selected to serve on the advisory council. The Pennsylvania Department of Community and Economic Development named McGettigan one of Pennsylvania's 50 Best Women in Business in 1998. McGettigan earned her associate degree from Marymount University in Virginia, and received a bachelor's in management from St. Joseph's University in Philadelphia.

The Federal Reserve Bank of Philadelphia serves depository institutions in Pennsylvania, New Jersey, and Delaware by supplying cash to these banks, credit unions and thrifts; supervising them; collecting and processing nearly 5 million checks daily; wiring money and securities nationwide; as well as participating in setting monetary policy.

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