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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.
  
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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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Media Advisory

New York Fed and the U.S. Small Business Administration to Release Report on Veteran-Owned Businesses

November 01, 2018

The Federal Reserve Bank of New York and the U.S. Small Business Administration (SBA) will issue the report Financing their Future: Veteran Entrepreneurs and Capital Access at 3:00 PM EST on Thursday, November 8.

This report provides a comprehensive look at the state of entrepreneurship for military veterans and how they finance their businesses, which is closely tied to firms’ performance and growth. This report will put forth the most substantial data comparing veteran and non-veteran business credit borrowers to date.

The report outlines current literature on veteran entrepreneurship, and then presents new small business credit data from the Federal Reserve Banks’ Small Business Credit Survey. Together, these sections examine the entrepreneurial activity, performance, credit access levels, and financing challenges of veteran-owned businesses.

Press Call on the Report on Veteran-Owned Businesses: Authors of the report and a representative from SBA's Office of Veterans Business Development will host a background press call on Thursday, November 8 at 2:00 PM EST to provide further context on the research. Journalists interested in participating should RSVP to Betsy Bourassa at betsy.bourassa@ny.frb.org.

Contact
Betsy Bourassa
(212) 720-6885
Betsy.Bourassa@ny.frb.org

Carol Chastang
(202) 205-6987
carol.chastang@sba.gov

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