The New York Fed, on behalf of the Federal Reserve System, offers correspondent banking and custody services to central banks, monetary authorities and certain international organizations to facilitate their official financial operations.
Central Bank and International Account Services
The Central Bank and International Account Services (CBIAS) area of the New York Fed's Markets Group serves the U.S. dollar reserve management needs of its official international customers. CBIAS offers payment services, custodial services for securities and gold, and investment services.
- The New York Fed maintains about 250 customer relationships.
- At year-end 2009, customers held approximately $3 trillion in U.S. dollar-denominated assets at the Bank, more than half of the world's official U.S. dollar reserves.
- Customers execute more than $250 billion in funds, securities and investment transactions daily.
- The New York Fed holds in custody approximately
213 million troy ounces of fine gold for some three dozen countries, central banks and international organizations.
CBIAS maintains a secure website for the sole use of its official international customers.CBIAS customers who would like access to the website should contact firstname.lastname@example.org.