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.
NEW YORK—The Federal Reserve Bank of New York approved the application by New Investors Bancorp, Inc., for prior approval pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended, to become a bank holding company by acquiring 100 percent of the shares of Investors Bank, and the application by Investors Bancorp, MHC, all of Short Hills, New Jersey, to convert from mutual to stock form.
The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.