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.
NEW YORK - The Federal Reserve Bank of New York today announced the publication of a new 16-page booklet titled, "Understanding the Federal Budget."
The booklet provides an overview of basic economic concepts related to the budget of the federal government and is intended for the general public, especially students in high school and introductory college-level economics courses. It discusses the sources of the governments revenues, the nature of the governments major expenditure items, and issues related to government debt and surplus or deficit.
The booklet suggests questions for classroom discussion and provides references to additional budget-related information and activities on the Internet.
Up to 35 copies of the booklet are available free of charge. Additional copies are one dollar each, with exceptions for classroom use. To order, write to the Public Information Department, Federal Reserve Bank of New York, 33 Liberty Street, New York, New York 10045, or call 212-720-6134.
"Understanding the Federal Budget" is one of many education publications available from the Federal Reserve Bank of New York. Publications may be ordered online.