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.
FR 2835a Quarterly Report of Credit Card Interest Rates
This report collects information on two measures of credit card interest rates. One measure is the average nominal finance rate for all accounts. The other -- average computed interest rates -- is derived from two items: total finance charges assessed to cardholders during the period and the total of balances on which the finance charges were determined. Also, the reporting form asks for total number of accounts and total balances for all accounts.