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)

    “We must reserve a back shop all our own, entirely free, in which to establish our real liberty and our principal retreat and solitude.”
    —Michel de Montaigne (1533–1592)

    “People get a bad impression of it by continually trying to treat it as if it was a bank clerk, who ought to be on time on Tuesday next, instead of philosophically seeing it as a painter, who may do anything so long as you don’t try to predict what.”
    —Katharine Whitehorn (b. 1926)

    “Then I discovered that my son had learned something new. For the first time, he was able to give a proper kiss, puckering up his lips and enfolding my face in his arms. “Kees Dada,” he said as he bussed me on the nose and cheeks. No amount of gratification at work could have compensated for that moment.”
    —Donald H. Bell. “Conflicting Interests,” New York Times Magazine (July 31, 1983)