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 and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
Session Description The Federal Reserve Banks will host four meetings to discuss and field questions on the Ginnie Mae Conversion Plan, which was released on February 15, 2001. The Plan includes a calendar of significant events related to the movement of Ginnie Mae securities from the Depository Trust & Clearing Corporation to the Fedwire Book-Entry Securities system, and the introduction of an automated adjustment payment feature on the Fedwire system. The plan is available at www.frbservices.org.
Speakers will include representatives of the Federal Reserve Banks, Ginnie Mae, The Bond Market Association, and the Depository Trust & Clearing Corporation (NY only).
All sessions will be held from 10:00 a.m. until noon; coffee will be available beginning at 9:30 a.m.
Who Should Attend Bankers, Broker Dealers, Asset Managers, and Others interested parties.