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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.
[1] [2] [3] Additionally, he is a member of the Council on Foreign Relations, the California Commission for Jobs and Economic Growth and the Civic Alliance. [1] [2] [3] [5] He also serves on the board of directors of Wynn Las Vegas and the Financial Services Roundtable. [2] [5]
The Federal Reserve Bank of New York holds special status in the system. The Federal Reserve officially identifies Districts by number and Reserve Bank city. [25] 1st District (A): Federal Reserve Bank of Boston; 2nd District (B): Federal Reserve Bank of New York; 3rd District (C): Federal Reserve Bank of Philadelphia
There were 25 branches but in October 2008 the Federal Reserve Bank of New York Buffalo Branch was closed. List of Federal Reserve branches [ 1 ] [ 2 ] Map of the twelve Federal Reserve Districts, with the twelve Federal Reserve Banks marked as black squares, and all Branches within each district (24 total) marked as red circles.
They are the survivors of the FedNet 5-year initiative started in 1990 to reengineer the Federal Reserve's fund transfer system, and consolidate twelve data centers into 3. [8] [9] If operations at East Rutherford fail, then the Federal Reserve Bank of Richmond serve as backup, with the Federal Reserve Bank of Dallas as secondary backup. [10 ...
John Carroll Williams (born June 12, 1962) [1] is an American economist. He has been the president and CEO of the Federal Reserve Bank of New York since June 2018. He previously served as president and CEO of the Federal Reserve Bank of San Francisco from 2011 to 2018.