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.
NEW YORK--The Federal Reserve Bank of New York has approved the application by Banco Santander, S.A., Madrid, Spain ("Santander"), to establish a branch in New York, New York, and an agency in Miami, Florida, in connection with its acquisition of Banco Central Hispanoamericano, S.A., Madrid, Spain ("Banco Central").
The Board approved on April 1, 1999 the related application by Santander to acquire Banco Central's U.S. subsidiary bank, BCH-USA, New York, New York.
The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.