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Philadelphia Fed Appoints Tasty Baking Company CEO to Its Board

For release: December 7, 2005
Contact: Kathy Dibling, 215-574-4119

PHILADELPHIA, Pa. – The Federal Reserve Bank of Philadelphia has appointed Charles P. Pizzi, president and chief executive officer (CEO) of Tasty Baking Company, Philadelphia, to its board of directors for a three-year term beginning in January 2006. Each of the 12 Reserve Banks has a nine-member board of directors, which oversees Bank operations. The directors provide information about economic conditions in their industries to monetary policymakers.

Prior to the Tasty Baking Company, Pizzi was president and CEO of the Greater Philadelphia Chamber of Commerce. While heading the Philadelphia Chamber, he had served as vice chairman of the American Chamber of Commerce Executives and of the chairman of the Metro Council Presidents. He also had been Commerce Director for the City of Philadelphia.

Pizzi serves on the board of directors for Drexel University, St. Joseph’s Preparatory School, John S. and James L. Knight Foundation, Independence Blue Cross, Greater Philadelphia Chamber of Commerce, Philadelphia Stock Exchange, Brandywine Realty Trust, Day & Zimmerman Inc., Philadelphia Industrial Development Corp., Grocery Manufacturers of America, and United States Department of Commerce Manufacturing Council. He is the chairman of the board of the Allegheny West Foundation.

He has a bachelor’s degree from LaSalle University and a master’s degree from the University of Pennsylvania.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. The Philadelphia Fed serves the Third District, which is eastern Pennsylvania, southern New Jersey, and Delaware.

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