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 and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
FR Y-1f Application for a Foreign Organization to Become a Bank Holding Company
It collects comprehensive and systematic data on the structure of the proposed transaction, on its likely competitive effects, on its likely effects on the convenience and needs of the public, and on the present and pro forma financial condition of the applicant and its proposed subsidiary(ies).