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 New York Fed engages with individuals, households and businesses in the Second District and maintains an active dialogue in the region. The Bank gathers and shares regional economic intelligence to inform our community and policy makers, and promotes
sound financial and economic decisions through community development and education programs.
The New York Fed provides safekeeping accounts, securities settlement, correspondent banking, and cash management and investment services to most foreign official institutions in the world that hold dollar-denominated reserves.
The New York Fed monitors global financial markets and briefs policymakers at the Federal Reserve and the U.S. Treasury on developments that are relevant to the conduct of economic policy.
The New York Fed sponsors certain industry efforts to foster sound business practices in the foreign exchange and government securities markets in which the New York Fed operates, in support of financial stability.
About Markets & Policy Implementation
The New York Fed operates in global financial markets in a number of capacities to support the Federal Reserve’s monetary policy and financial stability objectives. It also does so in serving as fiscal agent of the United States, as may be required by the U.S. Treasury. The New York Fed also operates in global financial markets in providing banking services to about 200 central banks, governments, and international official institutions that hold U.S. dollar accounts at the New York Fed.