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.
Current Issues in Economics and Finance Second District Highlights
The Foreign-Born Population in Upstate New York
October 2007Volume 13, Number 9
JEL classification: J61, R1, J2
Authors: James Orr, Susan Wieler, and Joseph Pereira
An analysis of upstate New York’s foreign-born residents suggests that they contribute to the region’s human capital in important ways. This population boasts a greater concentration of college graduates than either the region’s native-born population or immigrants downstate. While some immigrants upstate may compete with U.S.-born workers for jobs, the more highly educated appear to be entering skilled occupations—in medicine, science, and research particularly—that complement those of native-born residents.