At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the nation and communities we serve.
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.
Due to difficulties involved in the deliveries of physical government securities, the Treasury authorized book-entry procedures to eliminate paper securities. Under these procedures, securities are now issued and transferred electronically on the records of a Reserve Bank. (c. 1970)