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.
Regional & Community Outreach connects the Bank to Main Street via structured dialogues and two-way conversations on small business, mortgages, and household credit.
Economic Education improves public knowledge about the Federal Reserve System, monetary policy implementation, and promoting financial stability through the Museum and programs for K-16 students and educators, and the community.
On September 19, 2008, the Federal Reserve announced a program to purchase short-term debt obligations issued by Fannie Mae, Freddie Mac and the Federal Home Loan Banks to support market functioning. The last purchase in this program was executed on September 26, 2008.