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Lycoming College to host Federal Reserve Bank executive |
 The Institute for Management Studies at Lycoming College is sponsoring a lecture by William H. Stone Jr., first vice president and chief operating officer at the Federal Reserve Bank in Philadelphia, at 7 p.m. on March 13 in the Barclay Lecture Hall, G-11, Heim Bldg. Stone’s presentation, which is part of the institute’s executive speaker series, is titled “The Role of the Fed in a Financial Crisis.” Stone joined the Federal Reserve Bank in 1971. Since then, he has served in various capacities in both the supervisory and regulatory operations sides of the bank. In 1984, Stone was promoted to senior vice president in charge of payment operations, and in 1987, he was appointed first vice president and chief operating officer. Stone is a frequent spokesperson on national and regional economic matters and has consulted with foreign central banks in the World Bank. The Federal Reserve Bank of Philadelphia is responsible for one of the 12 financial districts within the Federal Reserve system. Philadelphia’s district covers eastern Pennsylvania, southern New Jersey and the state of Delaware. As a whole, the Federal Reserve’s basic mission is to create the financial conditions that foster economic growth: stable prices, sound banking practices and a reliable payments system. |
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