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.
Puerto Rico’s population has been falling for nearly a decade, and the pace of decline has accelerated in recent years. Although a slowdown in the island’s birthrate has contributed to this decline, a surge in the out-migration of its citizens has been a more important factor. The exodus—which includes a large share of younger people—has hastened population aging, but it has not necessarily led to a “brain drain.” To counter its population loss, Puerto Rico must not only adopt measures to shore up its economy and expand job opportunities, but also enact fiscal reforms and improve the island’s amenities.