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.
FR Y-20 Financial Statements for a Bank Holding Company Subsidiary Engaged in Bank-Ineligible Securities Underwriting and Dealing
This report is filed by a designated bank holding company subsidiary that engages in limited securities underwriting and dealing activities. The FR Y-20 consists of a Balance Sheet, Statement of Income, and supporting schedules for securities owned (including money market obligations) and a Statement of Changes in Stockholder's Equity. In addition, there are several memorandum items that collect information on intercompany transactions, off-balance-sheet items, and information that is needed to monitor compliance with the Board's revenue test.