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.
Approval of Application by Morgan Stanley, New York, New York
July 1, 2010
NEW YORK—The Federal Reserve Bank of New York today approved the application filed by Morgan Stanley, New York, New York, for approval to retain Morgan Stanley Private Bank, National Association (“MS Private Bank”), Purchase, New York, pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956, as amended, and Section 225.15 of Regulation Y.
MS Private Bank will be created by converting Morgan Stanley Trust, Jersey City, New Jersey into a national bank.
The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.