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.
New York Fed Discontinues Publication of Weekly Averages of the Federal Funds Rate
June 28, 2004
As of June 30, 2004, the Federal Reserve Bank of New York will no longer publish a weekly average of the federal funds rate.
The Federal Reserve Board’s Statistical Release H.15, “Selected Interest Rates (weekly),” will provide a weekly average each Monday on an ongoing basis. Please visit the Federal Reserve Board’s website for this rate after June 30, 2004.