Federal Reserve Bank of New York

The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is responsible for the Second District of the Federal Reserve System, which encompasses the State of New York, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico, and the U.S. Virgin Islands. Located at 33 Liberty Street in Lower Manhattan, it is by far the largest (by assets), the most active (by volume), and the most influential of the Reserve Banks.

This article is about the financial institution itself. For the building in which it is located, see Federal Reserve Bank of New York Building.

Federal Reserve Bank of New York
Seal
Headquarters
HeadquartersFederal Reserve Bank of New York Building
33 Liberty Street
New York City, NY 10045,
U.S.
Coordinates40°42′31″N 74°00′32″W
EstablishedNovember 16, 1914 (1914-11-16)
Key people
Central bank of
Second District
  •  New York
  •  Puerto Rico
  •  US Virgin Islands
    Parts of:
  •  Connecticut
  •  New Jersey
Websitenewyorkfed.org
The Federal Reserve Bank of New York is one of twelve regional banks that make up the Federal Reserve System

The Federal Reserve Bank of New York is uniquely responsible for implementing monetary policy on behalf of the Federal Open Market Committee and acts as the market agent of the entire Federal Reserve System (as it houses the Open Market Trading Desk and manages System Open Market Account). It is also the sole fiscal agent of the U.S. Department of the Treasury, the bearer of the Treasury's General Account, and the custodian of the world's largest gold storage reserve. Aside from these distinct functions, the New York Fed also performs the same responsibilities and tasks as the other Reserve Banks do, such as supervision and research.

Given its central role within the Federal Reserve System, the New York Fed and its president are therefore considered first among equals among the other regional Reserve banks. Its current president is John C. Williams.

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