We connect with people throughout the Second District in a variety of ways, including building relationships and partnerships with leaders and organizations through community engagement, educational opportunities and more. These connections help us see the big picture of what’s happening across our District, which informs monetary policy, our research and other community development initiatives. That, in turn, helps us and the Federal Reserve System achieve our public service mission.
If the Second District were a country, its economic output would rank 8th in the world, just behind France and above Italy.
We have the most populous U.S. city (New York), the most populous U.S. island (Long Island) and 12 counties from the most densely populated U.S. state (New Jersey).
Two of the five major U.S. territories — Puerto Rico and the U.S. Virgin Islands — are located in the Second District. Puerto Rico’s population is ten times that of all other U.S. territories combined.
New York is the largest producer of yogurt, cottage cheese and sour cream in the United States and the fourth-largest producer of milk, all of which contributes significantly to the Second District’s economy.
The Second District has the largest and busiest port on the East Coast and the third-largest in the nation.
New York City’s mass transit system serves 15.3 million people through subway lines and buses, as well as the three busiest U.S. commuter rails: Long Island Railroad, New Jersey Transit and Metro North.