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.
The New York Fed meets regularly with small business leaders, community bankers, financial market participants, economists and others through external committees and outreach programs to obtain essential perspectives on the economy from both Main Street and Wall Street. These interactions help the New York Fed to provide timely information to the Federal Reserve System and to support the formulation and implementation of monetary policy effectively.
Through the sponsored groups, the New York Fed helps facilitate the development and adoption of industry best practices designed to strengthen and improve the efficiency of the financial system as a whole.