Each Reserve Bank has a nine-member board of directors selected in a nonpartisan way to represent a cross-section of banking, commercial, and community interests. Pat Harker, president of the University of Delaware, serves on our board. These directors fulfill the traditional governance role, but they also provide valuable insights into economic and financial conditions, which contributes to our assessment of the economy.
2  The Bank’s view of recent economic and financial developments, determined by the Policy Board at the Monetary Policy Meeting held on February 7 and 8 as the basis for monetary policy decisions. BIS Review 9/2002  1  prices.