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 & Education function engages, empowers and educates the public in the Second District. Our outreach mission furthers the Bank’s commitment to the region by listening to the communities we serve and developing programs, analysis and sponsored conferences and clinics to help meet their needs. Our education mission aims to advance public knowledge about the Federal Reserve System and its role in the economy.
Agency Mortgage-Backed Securities Purchase Program
The Federal Reserve's $1.25 trillion program to purchase agency mortgage-backed securities was intended to provide support to mortgage lending and housing markets and to foster improved conditions in financial markets more generally.
The purchase phase was completed on March 31, 2010.