Indeed, as the balance sheet shrank, money market conditions gradually tightened, and we observed first the reemergence of repo-rate volatility on month- and quarter-ends ( Panel 5 ), then pressure ...

As part of our core mission, we supervise and regulate financial institutions in the Second District. Our primary objective is to maintain a safe and competitive U.S. and global banking system. The ...

In response to the COVID-19 global pandemic, the New York Fed was tasked with implementing certain emergency facilities authorized by the Board of Governors of the Federal Reserve System and approved ...

Under Section 4 of the Federal Reserve Act, each Federal Reserve Bank, including the Federal Reserve Bank of New York, operates pursuant to the supervision of a Board of Directors, in addition to the ...