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.
Seniors may find it hard to “age in place” as they grow older because of a growing disparity between the features of the houses they own and the housing they need. The resulting change in demand for housing products and services is of particular significance in upstate New York, where the majority of seniors are homeowners and the housing stock is dominated by older, single-family homes.