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.
Regional & Community Outreach connects the Bank to Main Street via structured dialogues and two-way conversations on small business, mortgages, and household credit.
Economic Education improves public knowledge about the Federal Reserve System, monetary policy implementation, and promoting financial stability through the Museum and programs for K-16 students and educators, and the community.
For the new reserve maintenance period beginning today, early estimates suggest that the Desk will need to provide reserves through RP operations on most days. Each day at its normal operating time of 9:30 a.m. and on Thursdays at 8:20 a.m., the Desk will re-evaluate whether it needs to arrange operations.
In addition, the Desk stands ready to arrange further operations as needed to facilitate trading at rates around the operating objective of 5-1/4 percent in reserve markets.