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 & Education function engages, empowers and educates the public in the Second District. Our outreach mission furthers the Bank’s commitment to the region by listening to the communities we serve and developing programs, analysis and sponsored conferences and clinics to help meet their needs. Our education mission aims to advance public knowledge about the Federal Reserve System and its role in the economy.
To All Depository Institutions in the Second Federal Reserve District, and Others Concerned:
The text of the proposal by the Board of Governors of the Federal Reserve System to amend Subpart B of its Regulation S, "Reimbursement for Providing Financial Records; Recordkeeping Requirements for Certain Financial Records," has been published in the Federal Register of August 21. The proposed amendment would clarify that Regulation S does not apply to any person or transaction or class of persons or transactions that the Treasury has exempted from the joint rule that was adopted by the Board and the Treasury on May 28, 1996.
Comments on the proposal should be submitted by September 20, and may be sent to the Board of Governors, as specified in the Board's notice. Questions regarding this matter may be directed to Raleigh M. Tozer.