Federal Reserve Bank of New York Company Profile
The Federal Reserve Bank of New York is the largest in the Federal Reserve System to oversee US bank activities. It issues currency, clears money transfers, and lends to banks in its district. In addition to the duties it shares with 11 other regional Federal Reserve Banks, the New York Fed trades US government securities to regulate the money supply, intervenes on foreign exchange markets, and stores monetary gold for foreign central banks and governments. The New York Fed's district is relatively small (made up of New York, Puerto Rico, the US Virgin Islands, northern New Jersey, and Fairfield County, Connecticut), but the bank is the largest in the Federal Reserve System in assets and volume of transactions.
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