The Financial Market Infrastructure function is responsible for supervising the payments clearance and settlement activities of bank holding companies and designated financial market utilities. This function is concerned primarily with the systemic risks associated with the transactional operations that support the financial system, identifies when vulnerabilities exist, and determines how to address them.

The Federal Reserve Bank of New York works within the Federal Reserve System to implement monetary policy, supervise and regulate financial institutions and help maintain the safety, soundness and vitality of our economic and financial systems. As part of the New York Fed's core mission, we supervise and regulate financial institutions in the Second District with the goal of fostering a safe and competitive U.S. and global banking system.