Federal Reserve Bank of New York
Making Missing Markets: Connecting Communities and Capital
- Title
- Making Missing Markets: Connecting Communities and Capital
- Date posted
- 21 days ago
- Description
- The Federal Reserve Bank of New York's Making Missing Markets initiative is focused on fostering and improving markets channeling investments into under-resourced communities.
By engaging with local practitioners, it seeks to develop strategies that help connect new sources of capital to community needs and solutions, scale existing sources of capital for communities, and connect previously unlinked buyers and sellers of services and products that address critical community challenges.
This work may be of interest to leaders in finance, philanthropy, community development, and academia, and anyone else interested in creating new markets aimed at fostering opportunity-rich communities.
For more information, visit https://www.newyorkfed.org/outreach-and-education.
- Title
- When College Might Not Be Worth It
- Date posted
- 3 months ago
- Description
- Does college pay off for everyone? In recent research, our economists find that the typical college graduate earns a return that easily surpasses the benchmark for a sound investment. However, this is not the case for everyone.
In this video, Economic Policy Advisory Richard Deitz discusses the college wage premium and when college might not be worth it.
- Title
- Is College Still Worth it?
- Date posted
- 3 months ago
- Description
- As students return to campuses this fall amid the continued rising costs of a college degree and recent college graduates struggling to find good jobs, many have been left wondering whether college is still worth it.
In this video, Head of Microeconomics Jaison Abel and Economic Policy Advisor Richard Deitz provide an economic perspective on the value of a college degree by breaking down the costs, benefits, and return for the typical college graduate.
- Title
- The Labor Market for Recent College Graduates
- Date posted
- 3 months ago
- Description
- We conduct extensive research on the U.S. labor market outcomes for recent college graduates. This research examines unemployment rates, underemployment, wage trends, and differences in job prospects across college majors, providing a data-driven view of how new graduates experience the workforce across economic cycles.
In this video, Head of Microeconomics Jaison Abel and Economic Policy Advisor Richard Deitz explain the origins of the research and demonstrate how to explore the data using our interactive web tool. Learn more: https://nyfed.org/4i7DTmy
- Title
- Project Pine: Exploring Monetary Policy Implementation in Tokenized Financial Markets
- Date posted
- 7 months ago
- Description
- Project Pine is a joint technical research study from the New York Fed and Bank for International Settlements that explores if and how central banks could continue to implement monetary policy operations in hypothetical tokenized wholesale financial markets.
The project, led by the New York Innovation Center at the New York Fed and the Swiss Centre of the BIS Innovation Hub, found that central banks could customize and deploy policy implementation tools using programmable smart contracts in a potential future state where commercial banks and other private sector financial institutions have widely adopted tokenization for wholesale payments and securities settlement. The project generated the prototype of a generic monetary policy implementation tokenized toolkit for potential further research and development by central banks across jurisdictions and currencies. Project Pine aims to contribute to a broad and transparent public dialogue regarding potential applications...
- Title
- Recap of the 2024 Regional Visit to Queens
- Date posted
- 7 months ago
- Description
- Last December, President John C. Williams visited the New York City borough of Queens to meet with leaders in government, transportation, community development, and business. The first engagement of his daylong regional visit was in Long Island City, where he heard from government officials about economic and business conditions in the region. Next, he met with leaders from JetBlue Airways to learn about the company’s business operations in the borough.
He then traveled to Flushing to meet with representatives of Asian Americans for Equality and participated in a roundtable discussion with community leaders. Finally, he visited LaGuardia Airport to discuss the economic impact of regional airports and concluded his day in East Elmhurst, delivering remarks on the economic outlook and answering questions from the Queens business community.
- Title
- How Transportation Shapes Queens’ Regional Economic Landscape
- Date posted
- 7 months ago
- Description
- New York Fed President John C. Williams spent a day in December visiting Queens. As part of his visit, he met with transportation leaders and toured La Guardia's newly renovated Terminal B.
In this video, Shawn Phillips, head of external engagement, explains the importance of the transportation industry to Queens and key learnings from the visit.
- Title
- Tokenization: A Potential Solution for Resolving Settlement Risk.
- Date posted
- 7 months ago
- Description
- Settlement uncertainty is an inherent part of trades in today’s financial system. In this video, Michael Junho Lee, a financial research economist at the New York Fed, discusses recent work exploring tokenization as a potential solution for resolving settlement risk.
- Title
- The Beige Book
- Date posted
- 7 months ago
- Description
- The Beige Book is a qualitative report published eight times a year by the Federal Reserve. It provides an overview of current economic conditions across the 12 Federal Reserve Districts. Each district gathers insights from business leaders, economists, and various local stakeholders, drawing on anecdotal information to help identify emerging trends and regional developments that might not be captured in traditional economic data.
In this video, Director of Research Kartik Athreya, provides an overview of the Beige Book. He emphasizes the importance of these regional perspectives and how they help inform the Federal Reserve’s policy decisions.
- Title
- New York Fed’s free educational Comic Book Series
- Date posted
- 7 months ago
- Description
- Did you know that the New York Fed’s free educational Comic Book Series brings readers on an out-of-this-world journey to teach about basic economic principles and the Federal Reserve’s role in the financial system?
Our comic books, available in both English and Spanish, are an engaging classroom resource for educators to use in their social studies and economics lessons. Order a free set for your classroom today! Learn more: https://www.newyorkfed.org/outreach-and-education/comic-books
- Title
- 2025 New York Fed Innovation Conference
- Date posted
- 8 months ago
- Description
- On Friday, April 4, 2025, the Federal Reserve Bank of New York will host a research conference bringing together academics, innovators, industry, and thought leaders to foster dialogue on shaping the frontier of technology and finance.
This conference explores fundamental questions related to emerging issues on innovation, risk, and regulation:
I. Innovation: Adapting to the Technological Landscape
The advent of new mediums of transactions, digital transformation, and changes in the regulatory environment have led banks to both compete and partner with fintech and crypto firms. This theme explores opportunities and challenges banks and fintechs face in adapting to the new technological landscape, focusing on partnerships, crypto-compatibility, and the evolving role of banks in the financial system.
II. Risk: Resilience in the Age of Artificial Intelligence
Despite the tremendous potential of recent AI systems, their uninhibited develop...
- Title
- Gauging the U.S. Economy's Health
- Date posted
- 9 months ago
- Description
- How does the Federal Reserve System gauge the U.S. economy's health? In this video, Director of Research Kartik Athreya covers key economic indicators that help guide monetary policy decisions.
- Title
- 2025 Regional and Community Banking Conference
- Date posted
- 9 months ago
- Description
- On Tuesday, March 25, 2025, the Federal Reserve Bank of New York hosted a conference on regional and community banking. This program featured discussions on economic and financial conditions and key risk management issues and strategies relevant to regional and community banks in the Federal Reserve’s Second District.
The Second District includes New York state, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico, and the U.S. Virgin Islands.
- Title
- Teacher Professional Development at the New York Fed
- Date posted
- 9 months ago
- Description
- The New York Fed hosts free professional development workshops, providing continuing education credit for teachers. In this video, our head of Economic Education explains how teachers can leverage the workshops to bring compelling economic resources and lesson plans back to their classrooms.
- Title
- The Federal Reserve and its Monetary Policy Implementation Framework
- Date posted
- 11 months ago
- Description
- The Federal Reserve sets monetary policy to promote maximum employment and stable prices—goals known as the “dual mandate.” In today’s video, the first in a series on monetary policy implementation, the Markets Group’s Linsey Molloy explains how the Fed sets and implements monetary policy to achieve its dual mandate. Learn more: https://nyfed.org/3AdZQju
- Title
- The Role of the Federal Reserve’s Balance Sheet in Monetary Policy Implementation
- Date posted
- 11 months ago
- Description
- The Federal Reserve’s balance sheet is a record of monetary policy and other actions the Fed took to achieve its responsibilities. In today’s video, the second in a series on monetary policy implementation, the Markets Group’s Eric LeSueur explains the evolution and role of the Fed’s balance sheet in monetary policy and its implementation. Learn more: https://nyfed.org/3yuxnFC
- Title
- The Federal Reserve’s Standing Liquidity Facilities
- Date posted
- 11 months ago
- Description
- The Fed’s standing liquidity facilities are important tools for interest rate control, help to maintain ample reserve supply, and support market functioning. In today’s video, the third in a series on monetary policy implementation, the Markets Group’s William Riordan describes four standing liquidity facilities. Learn more: https://nyfed.org/3LSWzZv
- Title
- Monetary Policy Implementation in Practice Today
- Date posted
- 11 months ago
- Description
- In today’s video, the last in a series on monetary policy implementation, the Markets Group’s Josh Younger uses the key concepts of the Fed’s monetary policy implementation framework and its balance sheet to discuss recent developments and how the Fed’s tools work in practice. Learn more: https://nyfed.org/46FJR9Y
- Title
- The 2024 U.S. Treasury Market Conference
- Date posted
- 1 year ago
- Description
- The U.S. Treasury market is the deepest and most liquid government securities market in the world. The U.S. Department of the Treasury, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, the U.S. Securities and Exchange Commission, and the U.S. Commodity Futures Trading Commission (Joint Member Agencies) convened the tenth annual conference on Thursday, September 26, 2024, at the Federal Reserve Bank of New York. The keynote addresses and expert panels at this year's conference covered a range of topics related to the Treasury market and included representatives from the Joint Member Agencies as well as the public and private sectors. Learn more: https://www.newyorkfed.org/newsevents/events/markets/2024/0926-2024
- Title
- 2024 Governance and Culture Reform Conference
- Date posted
- 2 years ago
- Description
- On Tuesday, May 21, 2024, the New York Fed's Governance and Culture Reform Initiative ("Culture Initiative") hosted a conference on culture and behavior in the financial services industry.
The program, which built on past conferences and podcasts, explored how accountability, incentives, and technology contribute to shaping healthy organizational cultures. Speakers reflected on how elements of culture have evolved over the last decade and offered insights into how organizational cultures can shape risk outcomes in the future.
The Culture Initiative is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
- Title
- Bank Notes: "Veterans in the Labor Force"
- Date posted
- 2 years ago
- Description
- Veterans are 22% more likely to be out of the labor force than comparable nonveterans, according to New York Fed research from May 2023. In this episode, experts working across the military-connected population speak to the reasons behind the participation gap, also debunking some of the most widely held misperceptions surrounding career paths within the military and the outcomes and experiences of military service. Additionally, they introduce listeners to educational and vocational opportunities unique to veterans and military families, and new research from the New York Fed points to developments from the past year.
Information and resources from the episode can be found at nyfed.org/podcast.
- Title
- 2024 Regional Visit to Long Island: What We Learned
- Date posted
- 2 years ago
- Description
- On February 28, President Williams and our External Engagement team traveled to Long Island to hear from local stakeholders about economic conditions in the region. In this video, Shawn Phillips and Andrea Grenadier from the External Engagement team share the key themes that emerged in the day’s meetings and discussions. Learn more:
- Title
- The 2023 U.S. Treasury Market Conference
- Date posted
- 2 years ago
- Description
- The U.S. Treasury market is the deepest and most liquid government securities market in the world. It plays a critical and unique role in the global economy, serving as the primary means of financing the U.S. federal government, a significant investment instrument and hedging vehicle for global investors, a risk-free benchmark for other financial instruments, and an important market for the Federal Reserve’s implementation of monetary policy.
Since 2015, the U.S. Department of the Treasury, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, the U.S. Securities and Exchange Commission, and the U.S. Commodity Futures Trading Commission (Joint Member Agencies) have co-hosted an annual conference to examine ongoing developments in the U.S. Treasury market.
The Joint Member Agencies convened the ninth annual conference on Thursday, November 16, 2023, at the Federal Reserve Bank of New York. The keynote addresses (linked in...
- Title
- 2023 Governance and Culture Reform Conference (New York Fed, 6/20/23)
- Date posted
- 2 years ago
- Description
- On Tuesday, June 20, 2023, the New York Fed's Governance and Culture Reform initiative hosted an in-person, half-day conference on culture and behavior in the financial services industry. The program, which builds on past webinars and podcasts, dove into what motivates behavior and how to foster a learning culture within organizations, among other topics.
The Culture initiative is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
For more information, visit nyfed.org/governance-and-culture.
- Title
- "When Mistakes Are Inevitable, But Not an Option" with Preston Cline
- Date posted
- 2 years ago
- Description
- "When Mistakes Are Inevitable, But Not an Option" with Preston Cline is the fourth and final episode in Season 5 of the Bank Notes podcast:
Banking Culture Reform: Building Cultures of Curiosity and Learning
In a high stakes environment where mistakes can be catastrophic, how can an organization plan for human error? When does shared expertise within a group prove most valuable, and when might it make more sense to foster cognitive diversity? Why do some after-action reviews successfully establish a consensus-driven vision forward, while others stir up feelings of shame, blame, and guilt? In this episode, Preston B. Cline, co-founder and Director of Research at the Mission Critical Team Institute, shares observations and best practices from working with teams in immersive, all-consuming environments where the margin for error is near zero.
For more information, visit nyfed.org/governance-and-culture.
For past seasons of the Bank No...
- Title
- "How to Fix What’s Not (Yet) Broken" with Michael Hallsworth & Scott Young
- Date posted
- 2 years ago
- Description
- "How to Fix What’s Not (Yet) Broken" with Michael Hallsworth & Scott Young is the third episode in Season 5 of the Bank Notes podcast:
Banking Culture Reform: Building Cultures of Curiosity and Learning
In this episode, behavioral science experts Michael Hallsworth and Scott Young of The Behavioural Insights Team discuss why it’s important for organizations to examine their operational frameworks and systems, in order to better assess how established processes and environments may be impacting the work of their employees. They also share recommendations for reducing overconfidence bias, overcoming entrenched ways of thinking, and fostering a culture of transparency.
For more information, visit nyfed.org/governance-and-culture.
For past seasons of the Bank Notes podcast, visit nyfed.org/podcast.
This episode is also available to stream wherever listeners get their podcasts.
- Title
- "If No One Listens, No One Speaks" with Wieke Scholten
- Date posted
- 2 years ago
- Description
- "If No One Listens, No One Speaks" with Wieke Scholten is the second episode in Season 5 of the Bank Notes podcast:
Banking Culture Reform: Building Cultures of Curiosity and Learning
How can organizations avoid reinforcing mistakes or bad behavior? Why is it crucial for upper management to understand the daily realities and social norms at a localized, team-by-team level? And how might removing the pressure surrounding results actually lead to better outcomes, including meaningful systemic improvements? In this episode, behavioral risk expert Wieke Scholten walks us through the ins-and-outs of turning negative events into positive opportunities for learning.
For more information, visit nyfed.org/governance-and-culture.
For past seasons of the Bank Notes podcast, visit nyfed.org/podcast.
This episode is also available to stream wherever listeners get their podcasts.
- Title
- "Success Through Failure: The PreMortem Method" with Gary Klein
- Date posted
- 2 years ago
- Description
- "Success Through Failure: The PreMortem Method" with Gary Klein is the first episode in Season 5 of the Bank Notes podcast:
Banking Culture Reform: Building Cultures of Curiosity and Learning
Cognitive psychologist Gary Klein has spent his career examining how decisions get made across real-world scenarios. He is well-known for creating the PreMortem Method of Risk Assessment, an risk management exercise that helps project team members imagine potential problems upfront, rather than examining shortfalls in hindsight. In this episode, we dig into the how and why of Klein’s premortem practice, what differentiates it from other strategic tools, as well as the challenges of integrating a culture of curiosity into established ways of working.
For more information, visit nyfed.org/governance-and-culture.
For past seasons of the Bank Notes podcast, visit nyfed.org/podcast.
This episode is also available to stream wherever l...
- Title
- Interns Share Their Experience at the New York Fed
- Date posted
- 2 years ago
- Description
- The Federal Reserve Bank of New York offers outstanding opportunities for students and early-career professionals to enhance their skills through mission-driven work in a wide range of roles.
To learn more about our mission, community, and values, visit nyfed.org/Interns.
- Title
- Working as a Research Analyst in the New York Fed’s Economic Research Group
- Date posted
- 3 years ago
- Description
- The Research Analyst Program at the New York Fed offers college grads an opportunity to learn about the field of economics, expand their skillset, and work directly with the Bank’s Ph.D. economists, all while collaborating with fellow RAs and exploring New York City. Watch as RAs describe the job, the program, and how working at the Fed is different, and talk about life at the Fed and in New York City.
- Title
- Reimagining Public Health for NYC: A Discussion on the Racial Wealth Gap & Health Equity (2/28/23)
- Date posted
- 3 years ago
- Description
- On Tuesday, February 28, 2023, the Federal Reserve Bank of New York, in partnership with the New York City Department of Health and Mental Hygiene, hosted an in-person event on the racial wealth gap. Participants discussed the connection between health and wealth, how to better measure both, and how policy can help address racial wealth gaps.
The event was part of a series, “Reimagining Public Health for NYC,” hosted by the NYC Department of Health and Mental Hygiene.
For more information, visit nyfed.org/community-development and nyc.gov/health.
- Title
- High School Fed Challenge 2023 Information Session (2/8/23)
- Date posted
- 3 years ago
- Description
- The High School Fed Challenge offers the opportunity for students to develop skills in teamwork, research, data literacy, and analytical writing. Student teams author economics research and pursue recognition in the Federal Reserve Bank of New York’s Journal of Future Economists.
In this information session, members of the Economic Education team cover the details for this year's competition. For more information, visit nyfed.org/HSFC!
What is the High School Fed Challenge?
The High School Fed Challenge is an educational program that aims to encourage students in grades 9 – 12 to learn more about economics and promote interest in economics as a subject for study and the basis for a career. Previous study of economics is not required – only intellectual curiosity and interest in exploring an economic theme.
The Federal Reserve Bank of New York designates the annual competition theme. Entering teams may select any topic that expli...
- Title
- An Economy That Works for All: Moving Toward Equitable Growth | Full Event, 1/17/23
- Date posted
- 3 years ago
- Description
- On Tuesday, January 17, 2023, the Federal Reserve Bank of New York hosted a hybrid event centered on achieving equitable growth. Panels focused on broadband access, small business funding, and natural disasters and resiliency.
The event is available to watch here in full, and more information can be found at nyfed.org/community-development.
- Title
- Talk by Derrick Blakeney, from An Economy That Works for All (1/17/23)
- Date posted
- 3 years ago
- Description
- On Tuesday, January 17, 2023, the Federal Reserve Bank of New York hosted a hybrid event centered on achieving equitable growth. Panels focused on broadband access, small business funding, and natural disasters and resiliency.
This video features a talk by Derrick Blakeney, student, Cardinal Hayes High School.
For more information , visit nyfed.org/community-development.
- Title
- Talk by Frandelle Gerard, from An Economy That Works for All (1/17/23)
- Date posted
- 3 years ago
- Description
- On Tuesday, January 17, 2023, the Federal Reserve Bank of New York hosted a hybrid event centered on achieving equitable growth. Panels focused on broadband access, small business funding, and natural disasters and resiliency.
This video features a talk by Frandelle Gerard, Executive Director, Crucian Heritage and Nature Tourism, Inc.
For more information , visit nyfed.org/community-development.
- Title
- Talk by Adenah Bayoh, from An Economy That Works for All (1/17/23)
- Date posted
- 3 years ago
- Description
- On Tuesday, January 17, 2023, the Federal Reserve Bank of New York hosted a hybrid event centered on achieving equitable growth. Panels focused on broadband access, small business funding, and natural disasters and resiliency.
This video features a talk by Adenah Bayoh, Founder & CEO of Adenah Bayoh & Companies.
For more information , visit nyfed.org/community-development.
- Title
- When Culture Is No One’s Job, with Alison Taylor | Trust, Technology, and the New Workplace
- Date posted
- 3 years ago
- Description
- "When Culture Is No One’s Job" with Alison Taylor is the first episode in Season 4 of the Bank Notes podcast:
Banking Culture Reform: Trust, Technology, and the New Workplace
What impact does remote work have on organizational cultures? What causes some corporate responsibility efforts to fall short of meaningful change? And is there a silver bullet to creating a more inclusive workplace culture, effective management, and streamlined operations? Alison Taylor, Executive Director of Ethical Systems at New York University, articulates some of the biggest questions that today’s industry leaders should be asking and offers a roadmap for collective and lasting impact.
For more information, visit nyfed.org/governance-and-culture.
For past seasons of the Bank Notes podcast, visit nyfed.org/podcast.
This episode is also available to stream wherever listeners get their podcasts.
- Title
- Forget About Trust, Try Another Perspective, with Per Hugander | Trust, Technology, New Workplace
- Date posted
- 3 years ago
- Description
- "Forget About Trust, Try Another Perspective" with Per Hugander is the second episode in Season 4 of the Bank Notes podcast:
Banking Culture Reform: Trust, Technology, and the New Workplace
How can co-workers adopting each other's perspective address complex organizational problems? What are the tangible benefits to establishing a psychologically safe environment in the workplace? And why might establishing trust be irrelevant when it comes to ensuring successful collaborations? In this episode, engineer-turned-strategy consultant Per Hugander shares how he’s worked with corporate leaders to embrace so-called “soft skills” to garner solid results.
For more information, visit nyfed.org/governance-and-culture.
For past seasons of the Bank Notes podcast, visit nyfed.org/podcast.
This episode is also available to stream wherever listeners get their podcasts.
- Title
- What Our Words Say About Our Work, with Sameer Srivastava & Amir Goldberg | Trust, Technology...
- Date posted
- 3 years ago
- Description
- "What Our Words Say About Our Work, with with Sameer Srivastava & Amir Goldberg is the third episode in Season 4 of the Bank Notes podcast:
Banking Culture Reform: Trust, Technology, and the New Workplace
What can natural language processing tell management teams about the priorities of their employees? Do assumptions built over time more often lead to successful or unsuccessful outcomes? Does a speaker’s choice of words carry more weight for their audience than the substance of what they’re saying? Pointing to new developments in linguistics analysis and computational learning, professors Sameer Srivastava at UC Berkeley and Amir Goldberg at Stanford deliver some cutting-edge insights.
For more information, visit nyfed.org/governance-and-culture.
For past seasons of the Bank Notes podcast, visit nyfed.org/podcast.
This episode is also available to stream wherever listeners get their podcasts.
- Title
- Economics of Globalization (Event, 10/19/22)
- Date posted
- 3 years ago
- Description
- The Federal Reserve Bank of New York hosted a webinar on globalization and its impact on the economy.
In this virtual workshop, attendees:
- Heard from a New York Fed economist on globalization and learned about the Global Supply Chain Index
- Received learning materials and strategies to teach about globalization in the classroom
- Learned about the High School Fed Challenge program and how it encourages students to develop their research, writing, and collaboration skills as well as how the High School Fed Challenge could be used as a 1-point research project for the Seal of Civic Readiness pathway
Educators who completed the requirements for the workshop received 1.5 hours of Continuing Education/CTLE credit.
For more information, visit nyfed.org/teacher-development.
- Title
- Affordable Housing for Seniors: Challenges & Opportunities (Event, 10/26/22)
- Date posted
- 3 years ago
- Description
- On Wednesday, October 26, 2022, the Federal Reserve Bank of New York hosted an in-person event centered on the need for affordable housing that includes services for low- and moderate-income older adults in the Second District.
The event brought together policymakers, financers, developers, and senior housing advocates to detail barriers to the financing and development of affordable service-enriched senior housing and describe successful models for overcoming those barriers. Participants also weighed the potential for partnerships between public, private, and nonprofit organizations to finance and develop such projects.
For more information, visit nyfed.org/community-development.
- Title
- Investing in Health: A New Frontier of Health and Housing Partnerships (Event, 11/03/22)
- Date posted
- 3 years ago
- Description
- On Thursday, November 3, 2022, the Federal Reserve Bank of New York hosted an in-person event centered on investments in affordable housing by healthcare systems and health insurers. Speakers explored how partnerships between community development organizations and healthcare systems are building and maintaining affordable housing to improve population health outcomes and address health inequities.
For more information, visit nyfed.org/community-development.
- Title
- The 2022 U.S. Treasury Market Conference (Event, 11/16/22)
- Date posted
- 3 years ago
- Description
- The U.S. Treasury market is the deepest and most liquid government securities market in the world. It plays a critical and unique role in the global economy, serving as the primary means of financing the U.S. federal government, a significant investment instrument and hedging vehicle for global investors, a risk-free benchmark for other financial instruments, and an important market for the Federal Reserve’s implementation of monetary policy.
Since 2015, the U.S. Department of the Treasury, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, the U.S. Securities and Exchange Commission, and the U.S. Commodity Futures Trading Commission (Joint Member Agencies) have co-hosted an annual conference to examine ongoing developments in the U.S. Treasury market.
The Joint Member Agencies convened the eighth annual conference on Wednesday, November 16, 2022, at the Federal Reserve Bank of New York. The keynote addresses and expe...
- Title
- Project Cedar, Explained (Wholesale Central Bank Digital Currency Prototype)
- Date posted
- 3 years ago
- Description
- Project Cedar is the inaugural project of the New York Innovation Center (NYIC). It is a multiphase research effort to develop a technical framework for a theoretical wholesale central bank digital currency (wCBDC) in the Federal Reserve context.
In Phase I of Project Cedar, a prototype for a wholesale central bank digital currency was developed to demonstrate the potential of blockchain to improve the speed, cost, and access to a critical element of the wholesale cross-border payments market—a foreign exchange (FX) spot transaction.
Project Cedar aims to contribute to a broad and transparent public dialogue about CBDC from a technical perspective. Project Cedar is not intended to advance any specific policy outcome, nor is it intended to signal that the Federal Reserve will make any imminent decisions about the appropriateness of issuing a retail or wholesale CBDC, nor how one would necessarily be designed.
For more on Project Cedar, visit: htt...
- Title
- The Impacts of the 2021-2022 Rise in Inflation on Communities of Color (Event, 10/18/22)
- Date posted
- 3 years ago
- Description
- On Tuesday, October 18, 2022, the Federal Reserve Bank of New York hosted a virtual forum, as part of its Economic Inequality Policy Series, on the disparate impacts of inflation on different racial and ethnic groups.
The forum highlighted recent New York Fed research on economic inequality and disparities in inflation rates experienced by different racial and ethnic groups during 2021-2022. Community development leaders and thought leaders discussed insights related to price stability and racial equity.
For more information, visit nyfed.org/inequality.
- Title
- The Role of FinTech in Unsecured Consumer Lending to LMI Individuals (Event, 9/29/22)
- Date posted
- 3 years ago
- Description
- On Thursday, September 29, the Federal Reserve Bank of New York hosted a virtual event on the role of financial technology (FinTech) companies in unsecured consumer lending to low- and moderate-income households. Featuring FinTech lenders, researchers, regulators, and policymakers, the event explored existing and emerging models of unsecured FinTech consumer lending aimed at low- and moderate-income people, and covered the challenges and opportunities these models present.
Participants discussed the applications of FinTech lending to extend credit to both low- and moderate-income people and underserved areas, the challenges and opportunities that alternative data and new forms of FinTech lending present to prospective borrowers, and the changing regulatory landscape.
For more information, visit nyfed.org/community-development.
- Title
- Exploring Baby Bonds as a Tool to Improve Economic Security (Event, 9/27/22)
- Date posted
- 3 years ago
- Description
- On Tuesday, September 27, the Federal Reserve Bank of New York, in partnership with the Office of the State Treasurer for Connecticut and the Institute on Race, Power and Political Economy at The New School hosted an in-person event on the intersection of baby bonds with health, wealth, housing, and education.
Baby bonds are an innovative policy tool that provides children with publicly funded investment accounts that can be accessed at age 18 for specific uses, including education, homeownership, small business, and retirement. The funds are intended as a long-term investment designed to narrow the wealth gap and address generational poverty. As of 2022, eight states and Washington, D.C. have passed legislation to introduce baby bonds programs and supportive strategies that improve economic security.
The event featured Connecticut State Treasurer Shawn T. Wooden and Dr. Darrick Hamilton, founding director of the Institute on Race, Power and Political Economy ...
- Title
- Culture and the New Workplace (Event, 10/04/22)
- Date posted
- 3 years ago
- Description
- On Tuesday, October 4, the Federal Reserve Bank of New York hosted the latest installment in its webinar series on culture. This virtual event, “Culture and the New Workplace,” is part of the New York Fed's initiative to spur reform of culture and conduct in the financial services industry and encourage the industry to raise standards. This panel considered a range of questions about the evolution of the workplace and its influence on organizational culture.
Panelists explored whether new norms or identities have developed among the hybrid workforce; where our relationships with technology are headed and how this may impact behavior; how physical space influences behavior; how we respond to monitoring and surveillance; and how perceptions of peer preferences can influence behavior in the new workplace.
For a more in-depth preview of the discussion, read this primer: https://www.newyorkfed.org/medialibrary/media/governance-and-culture-reform/culture-and-the...
- Title
- Last Call on LIBOR: Final Steps to Transition (Event, 7/11/22)
- Date posted
- 3 years ago
- Description
- On Monday, July 11, President John Williams of the Federal Reserve Bank of New York and Chief Executive Nikhil Rathi of the UK Financial Conduct Authority, who together serve as Co-Chairs to the Financial Stability Board's Official Sector Steering Group, co-hosted a hybrid event on the industry's transition away from LIBOR.
The event consisted of a moderated discussion with President Williams and Chief Executive Rathi, three panels, and closing reflections covering progress made, lessons learned, and priorities for the final year until the end of the U.S. dollar LIBOR panel in mid-2023.
The event opened with a welcome by Michelle Neal, Head of the Markets Group at the Federal Reserve Bank of New York, followed by the moderated discussion with President Williams and Chief Executive Rathi. In the moderated discussion, President Williams and Chief Executive Rathi discussed the challenges initially faced in the LIBOR transition, success achieved thus far both in ...
- Title
- Understanding the Community Reinvestment Act Modernization Proposal (Event, 7/12/22)
- Date posted
- 3 years ago
- Description
- On July 12, the Federal Reserve Bank of New York hosted a virtual event to educate the public on an interagency proposal to modernize regulations implementing the Community Reinvestment Act (CRA).
The CRA is a landmark law that requires the Federal Reserve Board and other federal banking regulators to encourage financial institutions to help meet the credit needs of the communities where they do business, including low- and moderate-income neighborhoods. The last significant interagency update to CRA regulations was in 1995.
At this event, hosted in partnership with the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), representatives from the New York Fed and the Federal Reserve Board provided an overview of the proposal and answered pre-submitted questions about the proposed updates to CRA regulations.
The Federal Reserve Board, the FDIC, and the OCC issued a joint proposal on May 5, 2022 that...
