Can New York City Bank on Wall Street? - FEDERAL RESERVE BANK of NEW YORK

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Second District Highlights

Can New York City Bank on Wall Street?

July 1999 Volume 5, Number 11

JEL classification: R1, R3, L8

Authors: Jason Bram and James Orr

The securities industry is more important than ever to the New York City economy, and a protracted downturn in the industry's employment could seriously hurt the overall job picture. Increased stability in other New York City industries, however, could help soften the economic effects of such a downturn.

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6 pages / 304 kb

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