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.
MSD Notice by Financial Institutions to Engage in Municipal Securities Dealer Activities
A financial institution that intends to engage in municipal securities dealer activities must register with the Securities and Exchange Commission (SEC) and its appropriate regulatory authority (ARA) by using form MSD, "Application for Registration as a Municipal Securities Dealer." This notice collects the institution's identifying information and the names and titles of its managers of municipal securities activities; the notice requires the institution to state whether any person associated with the respondent's municipal securities activities has been involved in disciplinary proceedings related to securities sales. A financial institution that intends to cease engaging in municipal securities dealer activities must notify the SEC and its ARA by using form MSDW, "Notice of Withdrawal of Registration as a Municipal Securities Dealer."