Large and Foreign Banking Organizations
The Large and Foreign Banking Organizations (LFBO) function is responsible for the supervision of those foreign financial institutions operating in the Second District that are subject to enhanced supervision due to their size and or complexity of operations. The portfolio is distributed based on factors of geography and type of business.



The Federal Reserve Bank of New York works within the Federal Reserve System to implement monetary policy, supervise and regulate financial institutions and help maintain the safety, soundness and vitality of our economic and financial systems. As part of the New York Fed's core mission, we supervise and regulate financial institutions in the Second District with the goal of fostering a safe and competitive U.S. and global banking system.