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The Federal Reserve Bank of New York seeks to promote the safety, soundness and vitality of regional, national and international financial systems through its works as supervisor, economic policy advisor and financial service provider in the Second District.

Features

Senior Supervisors Group issues report on risk management practices October 21, 2009

Extended Custodial Inventory Program: Request for Information The New York Fed is asking depository institutions to propose one or more new geographic sites for possible inclusion in its Extended Custodial Inventory (ECI) program or, if applicable, to propose the addition of a new ECI operation to an existing geographic location. If you are interested in learning more about responding to this request for information, contact David Duttenhofer.

Federal Reserve Consumer Help A new centralized resource that consolidates and streamlines the Federal Reserve’s consumer complaint and inquiry program, FRCH will assist you in filing complaints against a financial institution, answer questions about banking or financial institution practices and offer help in understanding federal consumer protection laws.

Recent Speeches

Incentive Compensation, Risk Management, and Safety and Soundness Speech by Governor Daniel K. Tarullo at the University of Maryland's Robert H. Smith School of Business Roundtable: Executive Compensation: Practices and Reforms, Washington, D.C. November 2, 2009

Residential and Commercial Real Estate Testimony by Jon D. Greenlee, Associate Director, Division of Banking Supervision and Regulation before the Subcommittee on Domestic Policy, Committee on Oversight and Government Reform, U.S. House of Representatives, Atlanta, Georgia November 2, 2009

Research Highlights

Hedge Funds, Financial Intermediation, and Systemic Risk The authors acknowledge that various market failures, such as the events surrounding the 1998 collapse of hedge fund Long-Term Capital Management, may make CCRM imperfect. However, CCRM has improved significantly since then, and it remains the appropriate starting point for limiting the potential for hedge funds to generate systemic disruptions. By John Kambhu, Til Schuermann, and Kevin J. Stiroh, Economic Policy Review, Forthcoming

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