Foreign Exchange
The Federal Reserve Bank of New York carries out foreign exchange-related activities on behalf of the Federal Reserve System and the U.S. Treasury. In this capacity, the Bank monitors and analyzes global financial market developments, manages the U.S. foreign currency reserves, and from time to time intervenes in the foreign exchange market. The Bank also executes foreign exchange transactions on behalf of customers.

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Features
FX Volume Survey Results PDF
The Foreign Exchange Committee releases the Survey of North American Foreign Exchange Volume for the October 2013 reporting period. January 28, 2014

The Foreign Exchange and Interest Rate Derivatives Markets: Turnover in the United States,
April 2013
The New York Fed, together with central banks and other authorities in 53 jurisdictions, conducted a survey of turnover in the over-the-counter (OTC) foreign exchange and interest rate derivatives markets for April 2013. This worldwide, cooperative effort is undertaken every three years and is coordinated by the Bank for International Settlements (BIS). September 5, 2013
Announcements
Speeches
Remarks at the Celebration of the 10th Anniversary of CLS
Remarks by Christine M. Cumming, first vice president, at the 10th Anniversary of CLS, New York City
April 17, 2013
Publications
Do Industrialized Countries Hold the Right Foreign Exchange Reserves?
That central banks should hold foreign currency reserves is a key tenet of the post-Bretton Woods international financial order. But recent growth in the reserve balances of industrialized countries raises questions about what level and composition of reserves are "right" for these countries.
By Linda Goldberg, Cindy E. Hull and Sarah Stein, Current Issues in Economics and Finance, Volume 19, Number 1, April 2013
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