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.
During the three months that ended December 31, 1999, the dollar appreciated 6.2 percent against the euro and depreciated 3.7 percent against the Japanese yen.
The report was presented by Peter R. Fisher, executive vice president of the New York Fed and the Federal Open Market Committees (FOMC) manager for the system open market account, on behalf of the Treasury and the Federal Reserve System.