Raphael Bostic manages the bank as well as its credit policy and other services. He is a member of the Open Market Committee, which determines the policy of the federal reserve system.
Raphael has been involved in governance and public enterprise at the School of Public Policy.
In Southern California, he taught politics. He is a professional in construction financing, district improvement and other financial areas. He was responsible for overseeing the decision making process. He has provided advice and helped to make complex decisions. In his entire career, Bostic had to work in his field long enough to become president of the Federal Bank of Atlanta. He worked as an economist, working on financial research, and received an award for this. He is a first-class lecturer at the university.
Bostic studied in the Department of Economics and Psychology. A doctorate defended by Bostic gave him the opportunity to teach.
The bank has 5 branches all over America.
There have been hundreds of presidents over the past 100 years, but Raphael, at 50, was the first African-American to take up this position.
Bostic said: "Reserve banks make an important contribution to our country's economic success".
Bostic was for a time an advisor to the secretary, helping to make decisions on policies and other matters.
He has worked on boards and advisory committees, the Reinvestment Corporation, the National Community Stabilization Fund, the Urban Land Institute, the Bureau for Financial Consumer Protection, etc.