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.
The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
Do you have a request for information and records? Learn how to submit it.
Learn about the history of the New York Fed and central banking in the United States through articles, speeches, photos and video.
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.
The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.
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.
The Economic Inequality & Equitable Growth hub is a collection of research, analysis and convenings to help better understand economic inequality.
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.
No. 2200
THURSDAY, MARCH 23, 2000
NY FED USE OF EXPANDED
COLLATERAL EXTENDED BY FOMC
NEW YORK -- On March 21, the Federal Open Market Committee (FOMC) voted to approve a temporary extension through January 2001 of the expanded list of securities eligible as collateral in repurchase transactions undertaken by the Federal Reserve Bank of New York (FRBNY) in the management of banking system reserves.
At its August 24, 1999 meeting, the FOMC had approved the use of an expanded list of eligible collateral in order to improve the FRBNY's ability to address expanded reserve needs anticipated for the fourth quarter of 1999. At that time, the FOMC agreed to review the FRBNY's experience with the expanded range of eligible collateral prior to the expiration of the authorization in April of this year. At its March 21 meeting, the FOMC did review that experience and voted to extend temporarily the FRBNY's ability to accept the broader list of eligible collateral.