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.
Fields of interest Treasury securities, Contingent claims, Corporate securities, Fixed income portfolio management
Kenneth Garbade is the author of Discretionary Control of Aggregate Economic Activity (Lexington Books, 1975), Securities Markets (McGraw Hill, 1982), Fixed Income Analytics (MIT Press, 1996), and Pricing Corporate Securities as Contingent Claims (MIT Press, 2001), as well as articles in scholarly journals. He graduated from the California Institute of Technology in 1968 with a Bachelor of Science in physics and history and from Princeton University in 1975 with a Ph.D. in economics. He was formerly on the faculty of the Graduate School of Business Administration, New York University and an officer of Bankers Trust Company.