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.
This report collects information on terms offered by the largest issuers of bank credit cards in the nation. The respondents submit information on the pricing and fees of available third-party credit card plans.
Microdata are available to the public upon request through the Freedom of Information Office at the Board and are published in the semiannual SHOP: The Card You Pick Can Save You Money , which represents a summary table on selected credit terms. This information is available as a brochure and online. The Federal Reserve also produces a comprehensive list that includes the items in SHOP and other fees, such as over-the-limit charges and transaction fees for cash advances and purchases.