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.
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.