The New York Fed ensures that banks and holding companies under our jurisdiction are compliant with consumer protection laws. State member banks are also evaluated for their level of performance in meeting their communities' credit needs under the Community Reinvestment Act.

The Federal Reserve Bank of New York works within the Federal Reserve System to implement monetary policy, supervise and regulate financial institutions and help maintain the safety, soundness and vitality of our economic and financial systems. As part of the New York Fed's core mission, we supervise and regulate financial institutions in the Second District with the goal of fostering a safe and competitive U.S. and global banking system.