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.
Approval of Application by Investors Bancorp, MHC and Investors Bancorp, Inc., both of Short Hills, New Jersey
October 17, 2011
NEW YORK—The Federal Reserve Bank of New York approved the application filed by Investors Bancorp, MHC and Investors Bancorp, Inc., both of Short Hills, New Jersey, to acquire BFS Bancorp, MHC, and Brooklyn Federal Bancorp, Inc., and indirectly acquire Brooklyn Federal Savings Bank, all of Brooklyn, New York, pursuant to Sections 4(c)(8) and 4(j) of the Bank Holding Company Act of 1956, as amended, and Section 225.24 of Regulation Y.
The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.