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.
NY FED USE OF EXPANDED COLLATERAL EXTENDED BY FOMC
NEW YORK -- The Federal Open Market Committee (FOMC) voted to approve a temporary extension through the first scheduled meeting of 2002 of the expanded list of securities eligible as collateral in repurchase transactions undertaken by the Federal Reserve Bank of New York in the management of banking system reserves.