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.
Approval of the Application by Danran Holdings Ltd, Shamdar Holdings Ltd, Elran (D.D.) Investments Ltd, and Elran (D.D.) Holdings Ltd
Friday, June 13, 2003
NEW YORK--The Federal Reserve Bank of New York Friday approved the application by Danran Holdings Ltd., Shamdar Holdings Ltd., Elran (D.D.) Investments Ltd., and Elran (D.D.) Holdings Ltd., all of Tel Aviv, Israel, in connection with their indirect ownership of Bank Hapoalim B.M., to become bank holding companies by acquiring indirect control of Signature Bank, New York, New York, and to engage in certain nonbanking activities.