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.
Regional & Community Outreach connects the Bank to Main Street via structured dialogues and two-way conversations on small business, mortgages, and household credit.
Economic Education improves public knowledge about the Federal Reserve System, monetary policy implementation, and promoting financial stability through the Museum and programs for K-16 students and educators, and the community.
The New York Fed announces that it has received consents on behalf of each existing TALF borrower to extend by one day the period of time in which monthly disbursements of principal and interest on underlying collateral shall be distributed under the terms of existing TALF loans. Effective immediately, the Payment Date for monthly principal and interest disbursements in respect of all existing and future TALF loans shall be the second Business Day following each Determination Date (as such terms are defined in the MLSA).