The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach & Education function engages, empowers and educates the public in the Second District. Our outreach mission furthers the Bank’s commitment to the region by listening to the communities we serve and developing programs, analysis and sponsored conferences and clinics to help meet their needs. Our education mission aims to advance public knowledge about the Federal Reserve System and its role in the economy.
To borrow from the discount window, a depository institution must first execute Operating Circular 10 and pledge acceptable collateral. Guidelines and forms to help depository institutions establish discount window access can be found below.
* The New York Fed will accommodate vault custody arrangements for collateral that is in tangible form and not able to be held in any other type of pledging or custody arrangement acceptable to the New York Fed only in very exceptional circumstances, such as unique constraints on the pledging institution or a significant lack of other available collateral on the part of the pledging institution. If your institution would like to pledge collateral in tangible form by delivery to the New York Fed's vault, you should contact the Discount Window hotline at 866-226-5619.