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.
NEW YORK - John E. Sexton has been designated chairman of the board of directors of the Federal Reserve Bank of New York for 2004 by the Board of Governors of the Federal Reserve System. Mr. Sexton, who is president of New York University and Dean Emeritus and Benjamin Butler Professor of Law at New York University School of Law has been serving as a class C director and deputy chairman since January 2003.
The Board of Governors has also designated Jerry I. Speyer deputy chairman for the year 2004. Mr. Speyer who is president and chief executive officer of Tishman Speyer Properties has been serving as a class B director since January 2001.
The board of directors of the Federal Reserve Bank of New York consists of nine members, three of whom are appointed by the Board of Governors of the Federal Reserve Systems as class C directors. The remaining six (three class A and three class B directors) are elected by member banks in the Second Federal Reserve District. Class A directors are drawn from among the banking community. Class B and C directors are individuals chosen from professions outside the banking community and typically represent business, industry, agriculture, labor and consumers.