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.
Primary dealers serve as trading counterparties of the New York Fed in its implementation of monetary policy. This role includes the obligations to: (i) participate consistently in open market operations to carry out U.S. monetary policy pursuant to the direction of the Federal Open Market Committee (FOMC); and (ii) provide the New York Fed's trading desk with market information and analysis helpful in the formulation and implementation of monetary policy. Primary dealers are also required to participate in all auctions of U.S. government debt and to make reasonable markets for the New York Fed when it transacts on behalf of its foreign official account-holders.
MF Global Inc. and SG Americas Securities, LLC have been added to the list of primary dealers, effective February 2, 2011. February 2, 2011 Revised Primary Dealers List ››
Nov 2, 2010
RBC Capital Markets Corporation converted to a limited liability company, RBC Capital Markets, LLC, effective November 1, 2010. November 2, 2010 Revised Primary Dealers List ››
Nov 1, 2010
Banc of America Securities LLC merged with Merrill Lynch, Pierce, Fenner & Smith Incorporated, with the latter the surviving entity. The primary dealer is now Merrill Lynch, Pierce, Fenner & Smith Incorporated, effective November 1, 2010. November 1, 2010 Revised Primary Dealers List ››
Sep 1, 2010
J.P. Morgan Securities Inc. converted from a corporation to a limited liability company, J.P. Morgan Securities LLC, effective September 1, 2010. September 1, 2010 Revised Primary Dealers List ››
Merrill Lynch Government Securities Inc. was deleted from the list of primary dealers as a result of the acquisition of Merrill Lynch & Co., Inc. by Bank of America Corporation. February 11, 2009 Revised Primary Dealers List ››
Oct 1, 2008
Bear, Stearns & Co. was deleted from the list of primary dealers as a result of their acquisition by J.P. Morgan Securities Inc. October 1, 2008 Revised Primary Dealers List ››
Zions First National Bank and BMO Nesbitt Burns Corp withdrew their names from the list of primary dealers. Deutsche Banc Alex. Brown Inc changed its name to Deutsche Bank Securities Inc. Fuji Securities Inc changed its name to Mizuho Securities USA Inc. Revised Primary Dealers List ››
JP Morgan & Co Incorporated and Chase Manhattan Corporation, now affiliates, are expected to merge at the end of the first quarter or early in the second quarter of 2001. Revised Primary Dealers List ››
Donaldson, Lufkin & Jenrette Securities Corporation (DLJ) was acquired by Credit Suisse First Boston Corporation. Paine Webber Incorporated became a business division of UBS Warburg LLC. Revised Primary Dealers List ››