Federal Reserve Bank of New York

New York Federal ReserveNew YorkNew York FedNew York Federal Reserve BankFederal Reserve BankNew York CityThe Federal Reserve Bank of New YorkChair, Federal Reserve Bank of New YorkFederal Reserve of New YorkFRBNY
The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States.wikipedia
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Benjamin Strong Jr.

Benjamin StrongBenjamin Strong, Jr.Benjamin Strong, Jr
The Federal Reserve Bank of New York opened for business on November 16, 1914, under the leadership of Benjamin Strong Jr., who had previously been president of the Bankers Trust Company.
He served as Governor of the Federal Reserve Bank of New York for 14 years until his death.

John C. Williams (economist)

John C. WilliamsJohn Williams
Its current president is John C. Williams.
John Carroll Williams (born June 12, 1962) is the President and Chief Executive Officer of the Federal Reserve Bank of New York, having also served as President of Federal Reserve Bank of San Francisco from 2011-2018.

Federal Reserve

Federal Reserve SystemUS Federal ReserveU.S. Federal Reserve
It is responsible for the Second District of the Federal Reserve System, which encompasses New York State, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico, and the U.S. Virgin Islands.
They are located in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.

Federal Reserve Bank of New York Building

33 Liberty StreetFederal Reserve Bank of New York33 Liberty Street, the Federal Reserve Bank of New York
It is located at 33 Liberty Street, New York, New York.
The Federal Reserve Bank of New York Building at 33 Liberty Street, which occupies the full block between Liberty, William and Nassau Streets and Maiden Lane in the Financial District of Manhattan, New York City, is the headquarters of the Federal Reserve Bank of New York.

Great Depression

DepressionThe Great DepressionDepression era
Economic historian Charles P. Kindleberger states that Strong was one of the few U.S. policymakers interested in the troubled financial affairs of Europe in the 1920s, and that had he not died in 1928, just a year before the Great Depression, he might have been able to maintain stability in the international financial system.
This interpretation blames the Federal Reserve for inaction, especially the New York branch.

Charles P. Kindleberger

Charles KindlebergerKindlebergerKindleberger, Charles P.
Economic historian Charles P. Kindleberger states that Strong was one of the few U.S. policymakers interested in the troubled financial affairs of Europe in the 1920s, and that had he not died in 1928, just a year before the Great Depression, he might have been able to maintain stability in the international financial system.
He then joined the Federal Reserve Bank of New York full-time (1936–1939).

United States Treasury security

Treasury billsTreasury securitiesTreasury bond
Their models show that, when the difference between short-term interest rates (using three-month T-bills) and long-term interest rates (using ten-year Treasury bonds) at the end of a Federal Reserve tightening cycle is negative or less than 93 basis points positive, a rise in unemployment usually occurs.
The government sells these securities in auctions conducted by the Federal Reserve Bank of New York, after which they can be traded in secondary markets.

Federal Reserve Board of Governors

Federal Reserve BoardBoard of Governors of the Federal Reserve SystemBoard of Governors of the Federal Reserve
Since the founding of the Federal Reserve banking system, the Federal Reserve Bank of New York in Manhattan's Financial District has been the place where monetary policy in the United States is implemented, although policy is decided in Washington, D.C. by the Federal Reserve Board of Governors.

Federal Reserve Bank of New York Buffalo Branch

The Federal Reserve Bank of New York Buffalo Branch was formerly the sole branch of the Federal Reserve Bank of New York.
The Federal Reserve Bank of New York Buffalo Branch was a branch of the Federal Reserve Bank of New York but was closed on October 31, 2008.

Yield curve

term structure of interest ratesterm structureConstant-maturity treasury
The Federal Reserve Bank of New York publishes a monthly recession probability prediction derived from the yield curve and based on the work by Dr. Arturo Estrella & Dr. Tobias Adrian.
The Federal Reserve Bank of New York regards it as a valuable forecasting tool in predicting recessions two to six quarters ahead.

Open market operation

open market operationsopen-market operationsbuying operations
Strong gradually recognized the importance of open market operation, or purchases and sales of government securities, as a means of managing the quantity of money in the U.S. economy and thus affecting interest rates.
When the actual federal funds rate is higher than the target, the Federal Reserve Bank of New York will usually increase the money supply via a repurchase agreement (or repo), in which the Fed "lends" money to commercial banks.

Stephen Friedman (PFIAB)

Stephen FriedmanSteve FriedmanFriedman Wrestling Center
Following Stephen Friedman's resignation on 7 May 2009, Denis Hughes, formerly Deputy Chair, was designated as Interim Chair.
Friedman was the Chairman of the New York Federal Reserve Bank, a body which implements the Wall Street policies of the Federal Reserve, during a period of immense financial market upheaval, from January 2008 until May 7, 2009.

Gold reserve

gold reservesofficial gold reservesgold
By 1927, the vault contained 10% of the world's official gold reserves.

Regulatory capture

captureinfluence of corporationsallowing
In September 2014, Segarra's secretly recorded conversations were aired by This American Life and the Federal Reserve Bank of New York was accused of political corruption by being a "captured agency", i.e., subject to regulatory capture, of the banks which it supervises.
The Federal Reserve Bank of New York (New York Fed) is the most influential of the Federal Reserve Banking System.

Allan Sproul

Sproul (1941-1956)
Widely regarded as one of the world's foremost central bankers, he served as President of the Federal Reserve Bank of New York from 1941 to 1956.

Alfred Hayes (banker)

Alfred HayesHayes (1956–1975)
As president of the Federal Reserve Bank of New York from 1956 to 1975, Hayes was known as a conservative money manager who took a strong stand against inflation.

Anthony M. Solomon

Anthony SolomonAnthony Morton SolomonSolomon (1980–1985)
Anthony Morton Solomon (December 27, 1919 – January 15, 2008) was Undersecretary of the Treasury for Monetary Affairs during the Carter administration, and President of the Federal Reserve Bank of New York between 1980 and 1984.

List of presidents of the Federal Reserve Bank of New York

President of the Federal Reserve Bank of New YorkPresident
The Federal Reserve Bank of New York (New York Fed) is one of 12 regional reserve banks of the Federal Reserve System, which is the American central bank.

Die Hard with a Vengeance

Simon GruberDie Hard: With a VengeanceZeus Carver
The Federal Reserve Bank of New York plays a prominent role in the 1995 film Die Hard with a Vengeance, starring Bruce Willis and Jeremy Irons.
They return there to find that Simon and his team used fake repair crews to dig into the Federal Reserve Bank of New York and steal $140 billion of gold bullion in dump trucks.

Structure of the Federal Reserve System

Federal Reserve Board of Governorsits independencePresident and CEO
As of July 1, 2014, according to the Federal Reserve Bank of New York, the list of primary dealers includes:

East Rutherford Operations Center

The East Rutherford Operations Center (EROC) at 100 Orchard Street, East Rutherford, New Jersey, is the regional office for cash handling and processing of the Federal Reserve Bank of New York.

William Joseph McDonough

William J. McDonoughMcDonough (1993–2003)William McDonough
Before joining the Federal Reserve Bank of New York, McDonough served as an advisor to a variety of domestic and international organizations.

David M. Cote

Dave M. CoteDavid Cote
In February 2014 it was announced that Cote would fill a vacancy on the board of the New York Federal Reserve.