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 upstate New York economy has been undergoing significant restructuring, with job gains in services sectors such as health care, education, business services, and leisure and hospitality offsetting losses in manufacturing. A modest upward trend is continuing in 2007, with the creation of 20,000 net new jobs—but results will be mixed across upstate metro areas. This issue of Upstate New York At-a-Glance reviews recent employment trends, highlights industry and area developments, and presents an outlook for the year.