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.
Session Description The Statistics Function of the Federal Reserve Bank of New York will host a full-day training seminar on reserve requirement calculations, clearing balance requirements, as-of-adjustments, account maintenance, and, deficiencies and penalties.
The seminar is designed as a practical reference to make it easier for financial institutions to manage reserve accounts. The seminar assumes a familiarity with accounting practices and provides a detailed discussion of each major aspect of reserve management, together with descriptions and samples of reports and other informational tools.
Representatives of the Statistics Function will describe in detail the methodology of calculating reserves, as well as pertinent federal rules and regulations.