This week, the Federal Reserve Bank of Philadelphia reappointed Clarifi President and Executive Director Patty Hasson to its board of directors. She was originally appointed to the Board in January 2016.
As part of her role, Patty represents the public and provides valuable insight on the issues and challenges consumers are facing in the Greater Philadelphia Area. Much of this feedback comes from Clarifi's team of counselors who work directly with clients to meet a range of financial goals.
The Philadelphia Fed also appointed Anthony Ibargüen, CEO of Quench USA, Inc. and president of AquaVenture Holdings, Ltd., and Madeline Bell, president and CEO of The Children's Hospital of Philadelphia (CHOP), to its board.
The nine-member board of directors oversees Bank operations, offers observations on economic conditions, establishes the Bank’s discount rate, and serves as a link between the Federal Reserve and the communities in the Third District, which includes eastern Pennsylvania, southern New Jersey, and Delaware.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. Serving eastern Pennsylvania, southern New Jersey, and Delaware, the Bank is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System.
The official press release from the Federal Reserve Bank of Philadelphia can be read here.