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.
FR Y-4 Notification for Prior Approval to Engage Directly or Indirectly in Certain Nonbanking Activities
The notification collects information on proposed nonbanking activities by bank holding companies (BHCs). Different levels of detail are provided from BHCs, depending on whether they meet certain qualifying criteria and the types of nonbanking activities in which they wish to engage. The complete notification procedure requires the most detail, including information on the activities to be conducted, the companies involved in the activities, public benefits, and financial and managerial information. Less detail is required under the expedited notification and the post-consummation procedures. The information requirements for each procedure are specified in Regulation Y.