Federal Reserve Bank of New York


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Federal Reserve Bank of New York

 

one of the Federal Reserve banks of the Federal Reserve System of the USA, in which it occupies a leading position. Established in 1914, the Federal Reserve Bank of New York is located in the largest financial center of the USA; it maintains a branch in Buffalo, N.Y. The bank, in addition to carrying out the internal functions of the central bank, also acts as an agent of the US Treasury in financial transactions abroad and helps regulate the exchange rate of the US dollar. In December 1976 the bank’s total balance was $32 billion. Its capital and reserves totaled $500 million, and its issued currency amounted to $21.7 billion. Reserves of member banks totaled $4.8 billion. The US Treasury’s account was $2.5 billion, and government bonds amounted to $27.6 billion.

References in periodicals archive ?
Mary Amiti, Federal Reserve Bank of New York, and David Weinstein, Columbia University and NBER, "Exports and Financial Shocks" (NBER Working Paper No.
In exchange, the Federal Reserve Bank of New York will receive euro deposits of an equivalent amount at the ECB.
Woodford lives in Manhattan with his wife, Argia Sbordone, an economist at the Federal Reserve Bank of New York, and their daughter, Antonia.
The Federal Reserve Board and the Federal Reserve Bank of New York investigated the matter jointly with the U.
Special Introduction: Rae Rosen, senior economist, Federal Reserve Bank of New York.
The Federal Reserve Board on October 19, 2004, announced the execution of a written agreement by and between the Union Bank of California International, New York, New York, and the Federal Reserve Bank of New York.
The transactions were conducted through UBS's Extended Custodial Inventory (ECI) facility in Zurich, Switzerland, which was operated pursuant to a contract with the Federal Reserve Bank of New York.
80 Broad Street is in the center of one of the financial capitals of the world, home to the New York Stock Exchange and the Federal Reserve Bank of New York," said Mr.
JPMCB received an "Outstanding" rating at its most recent examination for CRA performance by the Federal Reserve Bank of New York, as of July 9, 2001.

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