Federal Reserve Bank of New York

The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is located at 33 Liberty Street, New York, NY. It is responsible for the Second District of the Federal Reserve System, which encompasses New York state, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico, and the U. S. Virgin Islands. Working within the Federal Reserve System, the New York Federal Reserve Bank implements monetary policy, supervises and regulates financial institutions and helps maintain the nation's payment systems.

Among the other regional banks, New York Federal Reserve Bank and its president are considered first among equals. Its current president is William C. Dudley. It is by far the largest (by assets), most active (by volume) and most influential of the 12 regional Federal Reserve Banks.

Read more about Federal Reserve Bank Of New York:  Largest Regional Federal Reserve Bank, 33 Liberty Street, Current Board of Directors, Former Board Members, Presidents, Branches

Famous quotes containing the words federal, reserve, bank and/or york:

    There are always those who are willing to surrender local self-government and turn over their affairs to some national authority in exchange for a payment of money out of the Federal Treasury. Whenever they find some abuse needs correction in their neighborhood, instead of applying the remedy themselves they seek to have a tribunal sent on from Washington to discharge their duties for them, regardless of the fact that in accepting such supervision they are bartering away their freedom.
    Calvin Coolidge (1872–1933)

    I understood that all the material of a literary work was in my past life, I understood that I had acquired it in the midst of frivolous amusements, in idleness, in tenderness and in pain, stored up by me without my divining its destination or even its survival, as the seed has in reserve all the ingredients which will nourish the plant.
    Marcel Proust (1871–1922)

    on a May morwening upon Malverne hilles
    Me befel a ferly, of fairye me thoughte;
    I was wery ofwandred and wente me to reste
    Under a brod bank by a bournes side;
    And as I lay and lenede and lookede on the watres,
    I slomerede into a sleeping, it swyede so merye.
    William Langland (1330–1400)

    The rumor of a great city goes out beyond its borders, to all the latitudes of the known earth. The city becomes an emblem in remote minds; apart from the tangible export of goods and men, it exerts its cultural instrumentality in a thousand phases.
    —In New York City, U.S. public relief program (1935-1943)