The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
The Federal Reserve participates in the Committee on Payment and Settlement Systems (CPSS), which serves as a forum for central banks to monitor and analyze payment, settlement and clearing systems. Under the auspices of the Bank for International Settlements (an international organization which fosters cooperation among central banks and other agencies in pursuit of monetary and financial stability), the Committee has published numerous reports on payment systems issues.