| Company Name: |
Federal Reserve Bank of New York |
| Headquarters: |
New York NY |
| Industry: |
Accounting/Finance |
| Sector: |
Financial |
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The Federal Reserve System serves as the central bank of the United States government. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years,its role in banking and the economy has expanded. Today, the Federal Reserve's duties fall into four general areas:
- Conducting the nation's monetary policy by influencing the money and credit conditions in the economy in pursuit of full employment and stable prices.
- Supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers (Federal Reserve Regulations.
- Maintaining the stability of the financial system and containing systemic risk that may arise in financial markets.
- Providing certain financial services to the U.S. government, to the public, to financial institutions, and to foreign official institutions,including playing a major role in operating the nation's payments system.

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