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.
Regional & Community Outreach connects the Bank to Main Street via structured dialogues and two-way conversations on small business, mortgages, and household credit.
Economic Education improves public knowledge about the Federal Reserve System, monetary policy implementation, and promoting financial stability through the Museum and programs for K-16 students and educators, and the community.
The Federal Reserve Bank of New York carries out foreign exchange-related activities on behalf of the Federal Reserve System and the U.S. Treasury. In this capacity, the Bank monitors and analyzes global financial market developments, manages the U.S. foreign currency reserves, and from time to time intervenes in the foreign exchange market. The Bank also executes foreign exchange transactions on behalf of customers.
The Foreign Exchange and Interest Rate Derivatives Markets: Turnover in the United States,
The New York Fed, together with central banks and other authorities in 53 jurisdictions, conducted a survey of turnover in the over-the-counter (OTC) foreign exchange and interest rate derivatives markets for April 2013. This worldwide, cooperative effort is undertaken every three years and is coordinated by the Bank for International Settlements (BIS).
Do Industrialized Countries Hold the Right Foreign Exchange Reserves?
That central banks should hold foreign currency reserves is a key tenet of the post-Bretton Woods international financial order. But recent growth in the reserve balances of industrialized countries raises questions about what level and composition of reserves are "right" for these countries.
By Linda Goldberg, Cindy E. Hull and Sarah Stein, Current Issues in Economics and Finance, Volume 19, Number 1, April 2013