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- At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the nation and communities we serve.
  
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- As part of our core mission, we supervise and regulate financial institutions in the Second District. Our primary objective is to maintain a safe and competitive U.S. and global banking system.
  
  The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
  
  Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.
  
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- 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.
  
  The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
  
  The growing role of nonbank financial institutions, or NBFIs, in U.S. financial markets is a transformational trend with implications for monetary policy and financial stability.
  
  The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
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Counterparties

The New York Fed transacts with counterparties to implement the monetary and foreign exchange policy objectives of the Federal Reserve and Treasury.

The Federal Reserve Bank of New York Policy on Counterparties lays out expectations that apply to all counterparties across all market operations.

Expectations and eligibility requirements for counterparties with respect to specific types of operations are detailed on the specific counterparty pages with links on the right.

Primary Dealers

Primary dealers are trading counterparties of the New York Fed in its implementation of monetary policy. They are also expected to make markets for the New York Fed on behalf of its official accountholders as needed, and to bid on a pro-rata basis in all Treasury auctions at reasonably competitive prices.

The New York Fed Trading Desk conducts repo transactions with Standing Repo Facility counterparties to provide a backstop in money markets to support the effective implementation of monetary policy and smooth market functioning.

The New York Fed Trading Desk conducts reverse repo transactions with reverse repo counterparties to help keep the effective federal funds rate from falling below the target range set by the Federal Open Market Committee.

Foreign Exchange

Foreign exchange counterparties are trading counterparties of the New York Fed in its foreign exchange operations on behalf of the Federal Reserve and the U.S. Treasury. They are also expected to make reasonable markets for New York Fed Trading Desk transactions that relate to currency needs of the New York Fed’s official accountholders and agencies of the U.S. government, as needed.

Foreign Reserves Management

The New York Fed Trading Desk transacts with foreign reserves management counterparties to invest the foreign currency reserves of the Federal Reserve and the U.S. Treasury.

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