Anna Paulson, currently head of research at the Chicago Fed, has been tapped to become the next leader of the Federal Reserve Bank of Philadelphia, the bank said Thursday.

The Federal Reserve Bank of Philadelphia has chosen Anna Paulson, a top official at the Chicago Fed, to serve as its next ...

But the Bank ... the United States with a $10 million capital (then five times more than all other American banks combined) and the ability to issue paper money. It would be based in Philadelphia ...