It’s a distinct honor for me to be appointed to the board of directors of the Federal Reserve Bank of Philadelphia, and I look forward to working with my new colleagues on the board, as well as Patrick T. Harker, president and CEO. The Federal Reserve Bank of Philadelphia plays a critical role in the regional economy, both as a watchdog and keen observer of economic conditions. Congratulations also to another new board member, Christopher Maher, chairman, president, and CEO of OceanFirst Corporation and OceanFirst Bank, and to Phoebe Haddon, chancellor of Rutgers University–Camden, and Madeline Bell, president and CEO of the Children’s Hospital of Philadelphia, whose appointments were renewed effective this month.