Nonbank Financial Institutions

Understanding NBFIs
New York Fed
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External Resources
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Engaging With NBFIs
Given the increasing role NBFIs play in the financial system, the New York Fed engages and transacts with them as described below to monitor market developments and to ensure the effective implementation of monetary policy.

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About Nonbank Financial Institutions

Nonbank financial institutions (NBFIs) are playing an increasingly important role in financial markets and intermediation in the United States and abroad. Through this initiative, the New York Fed curates insights and analysis on NBFIs, reports on its engagement with industry participants, and shares notable developments affecting the sector.


Except where expressly indicated, none of these materials necessarily represent the views of the New York Fed or any other part of the Federal Reserve System.

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