PHILADELPHIA-The Federal Reserve Bank of Philadelphia board of directors announced last week its selection of Charles I. Plosser as its new president. The Board of Governors of the Federal Reserve jointly approved Plosser, a professor of economics and former dean at the William E. Simon Graduate School of Business Administration at the University of Rochester. He will take over Aug. 1 for Anthony M. Santomero, who resigned March 31, 2006. “Professor Plosser is extremely well qualified to be president as he brings both deep economic and management credentials to the position,” Philadelphia Federal Reserve Board Chairman Doris M. Damm said. “An economist of international distinction, he will bring intellectual depth and fresh ideas to the Fed at a time when we must evolve and adapt to a changing economic and financial landscape.” “I am delighted and honored to have been chosen to lead the Philadelphia Federal Reserve Bank,” Plosser commented. “President Santomero has provided exceptional leadership during his tenure, and I look forward to building on his accomplishments. The Bank has an outstanding group of employees that has contributed to its success and reputation. Bank presidents play an important role in monetary policy deliberations at the System level, but they also play a critical role in their District. I am eager to develop the relationships with banking, business, and community leaders in the Third District that are an important and essential part of the institution’s mission.”

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.