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.
Session Description The Statistics Function of the Federal Reserve Bank of New York will host a full-day training seminar on reserve requirement calculations, clearing balance requirements, as-of-adjustments, account maintenance, and, deficiencies and penalties.
The seminar is designed as a practical reference to make it easier for financial institutions to manage reserve accounts. The seminar assumes a familiarity with accounting practices and provides a detailed discussion of each major aspect of reserve management, together with descriptions and samples of reports and other informational tools.
Representatives of the Statistics Function will describe in detail the methodology of calculating reserves, as well as pertinent federal rules and regulations.