The Federal Reserve Bank of New York

The Federal Reserve Bank of New York is one of the 12 regional branches of the U.S. Federal Reserve System, serving the New York area. It helps implement national monetary policy, supervises banks, manages payment systems, and provides financial services to the U.S. government and other institutions. The New York Fed plays a critical role in maintaining financial stability, overseeing large financial institutions, and conducting open market operations, such as buying or selling government securities, to influence the economy. It operates independently but under the oversight of the Federal Reserve System, ensuring organized and stable financial markets.