The New York Fed Staff Nowcast for 2024:Q3 is 2.9%, with the 50% probability interval at [1.8, 3.9] and the 68% interval at [1.3, 4.5]. https://nyfed.org/3LbPEur
Federal Reserve Bank of New York
Financial Services
New York, NY 141,329 followers
Serving the Second District and the Nation
About us
Be aware of potentially fake online job postings that claim to be from the Federal Reserve. Always verify and apply to jobs on the Federal Reserve System Careers webpage. The Federal Reserve Bank of New York works within the Federal Reserve System and with other public and private sector institutions to foster the safety, soundness and vitality of our economic and financial systems. Some of its most critical functions include the implementation of monetary policy, supervision and regulation of depository institutions, international operations and financial services. The New York Fed oversees the Second Federal Reserve District, which includes New York State, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico and the U.S. Virgin Islands. Though we serve the public interest in a geographically small area, the New York Fed is the largest Reserve Bank in terms of assets and volume of activity. We accomplish this with talented and innovative people working within a collaborative and inclusive culture. We welcome and invite engagement and discussion on our Linkedin page. In order to maintain a productive exchange of thoughts, opinions, and ideas we prohibit any comments that contain: • Defamation of an individual, group or organization • Spam: posting identical or similar posts repeatedly • Obscenity or vulgarity • Misleading or fraudulent statements and false information • A violation of another’s intellectual property rights • commercial in nature The views, opinions and experiences expressed in user-submitted comments are solely those of the author and do not necessarily reflect those of the Federal Reserve Bank of New York. We reserve the right to remove comments, at our discretion and without notice.
- Website
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http://www.newyorkfed.org
External link for Federal Reserve Bank of New York
- Industry
- Financial Services
- Company size
- 1,001-5,000 employees
- Headquarters
- New York, NY
- Type
- Nonprofit
- Founded
- 1914
- Specialties
- Monetary Policy, Supervision and Regulation, Financial Services, International Operations, Payment Systems, Economic Research and Statistics, Risk Management, and Information Security
Locations
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Primary
Get directions
33 Liberty Street
New York, NY 10045, US
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Get directions
100 Orchard Street
East Rutherford, NJ, US
Employees at Federal Reserve Bank of New York
Updates
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We love a #tickertapeparade in Autumn! And we're proud to fly the #NYLiberty flag today celebrating our 2024 #WNBA champions, and New York's first basketball championship in almost 50 years. LIGHT. IT. UPPPPPPP 🗽🏆🏀#EveryoneWatchesWomensSports
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Earlier this month, President John C. Williams visited New York State's Southern Tier region to meet with leaders in government, business, education, and community development. During his two-day tour, President Williams visited Watkins Glen International, a NASCAR racetrack, and participated in discussions with agricultural, economic, and industrial development representatives in Steuben County. He then met with community development leaders in Chemung County, engaged with manufacturing firm leaders, and visited the facilities of railcar maker CAF USA. Afterwards, he visited Corning Inc., a materials science company that makes products for industrial applications, and learned about its key products and markets. In Binghamton, President Williams met with local business leaders at an event hosted by the Greater Binghamton Chamber at the Association for Vision Rehabilitation and Employment, delivered remarks and took student questions at Binghamton University, and met with university leaders about its economic impact on the area and its battery innovation and other key initiatives. Learn more: https://nyfed.org/4dVq5ct
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Today we released our latest podcast series on banking culture reform. In the four-part series, host Toni Dechario examines the role of accountability in preventing misconduct and fostering cultures of integrity with Joe McGrath and Ciaran Walker, co-authors of the New Accountability in Financial Services; professor and author Kelly Richmond Pope, CPA; former prosecutor for the Eastern District of New York Evan Norris; and her Culture initiative colleague Thomas Noone. Listen here: https://nyfed.org/4eJSWSl
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We hosted a conference earlier this month on the future of jobs in New York City. Discussion topics included how the composition of jobs in the city has changed since the pandemic; what’s needed to create jobs that pay family-sustaining wages and provide broad-based prosperity to the city; and how to develop and attract workers to fill those jobs. Watch the full recording here: https://nyfed.org/4exiYaZ
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Stay tuned! Tomorrow at 10 am EST, we will publish the latest season of the Bank Notes podcast focused on banking culture reform. In four new episodes, series host Toni Dechario from our Governance and Culture Reform Initiative examines the role of accountability in preventing misconduct and fostering cultures of integrity with leading experts. Learn more: https://nyfed.org/4eRsA0C
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A central use of reserves held at Federal Reserve Banks is for the settlement of interbank obligations, but the total amount needed is an active area of debate. The average daily total reserves used on two main settlement systems, Fedwire Funds and Fedwire Securities, exceeds $6.5 trillion. In today's post, the authors examine the intraday flows of reserves and show that the mechanics of each settlement system result in starkly different intraday demands on reserves. https://nyfed.org/4f9zKNG
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The New York Fed Staff Nowcast for 2024:Q3 is 3.0%, with the 50% probability interval at [1.9, 4.0] and the 68% interval at [1.4, 4.5]. The Staff Nowcast is 2.6% for 2024:Q4. Explore the data: https://nyfed.org/3LbPEur
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Today, we launched a monthly publication of a new research product that measures how much the federal funds rate responds to shifts in reserve supply. This new tool will provide a real-time assessment of the ampleness of reserves in the U.S. banking system to support Federal Reserve balance sheet management and successful monetary policy implementation. Explore the data here: https://nyfed.org/3A5Adl9