March 04, 2015 7:13 AM ET

Banks

Company Overview of The Federal Reserve Bank of New York

Company Overview

The Federal Reserve Bank of New York, a regional reserve bank, is engaged in setting monetary policy and promoting financial stability in New York. The company engages in formulating and executing monetary policy; supervising and regulating depository institutions; the provision of elastic currencies; assisting the federal government's financing operations; and serving as the banker for the U.S. government. It also engages in conducting open market operations; intervening in foreign exchange markets; and storing monetary gold for foreign central banks, governments, and international agencies. In addition, the company provides various services to foreign central banks that include the receipt...

33 Liberty Street

New York, NY 10045

United States

Founded in 1914

Phone:

212-720-6130

Fax:

212-720-7459

Key Executives for The Federal Reserve Bank of New York

Chief Executive Officer and President
Principal Financial Officer, Head of the Corporate Group and Executive Vice President
Age: 49
Chief Operating Officer and First Vice President
Chief Information Officer and Executive Vice President
Age: 52
Chief Compliance Officer and Senior Vice President
Compensation as of Fiscal Year 2014.

The Federal Reserve Bank of New York Key Developments

Federal Reserve Bank of New York Announces Retirement of Sandra Krieger as Executive Vice President of the Risk Group and Chief Risk Officer in the Second Quarter of 2015

Federal Reserve Bank of New York has announced the retirement of Sandra Krieger as executive vice president of the risk group and chief risk officer in the second quarter of 2015.

The Federal Reserve Bank of New York Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

The Federal Reserve Bank of New York reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company's sales revenue was EUR 18,283,000 against EUR 15,425,000 a year ago. Operating profit was EUR 3,363,000 against EUR 3,834,000 a year ago. Profit before tax from continuing operations was EUR 2,769,000 against EUR 3,427,000 a year ago. Profit for the year from continuing operations was EUR 2,745,000 against EUR 3,391,000 a year ago. Profit for the year attributable to equity holders of the parent was EUR 2,697,000 against EUR 3,332,000 a year ago. For the year, the company's sales revenue was EUR 8,049,000 against EUR 3,728,000 a year ago. Operating profit was EUR 412,000 against EUR 181,000 a year ago. Profit before tax from continuing operations was EUR 232,000 against loss before tax from continuing operations of EUR 19,000 a year ago. Profit for the year from continuing operations was EUR 208,000 against loss for the year from continuing operations of EUR 55,000 a year ago. Profit for the year attributable to equity holders of the parent was EUR 231,000 against loss for the year attributable to equity holders of the parent of EUR 58,000 a year ago. Net cash flows from operating activities was EUR 2,942,000 against EUR 2,048,000 a year ago. Payment for purchase of property, plant and equipment was EUR 981,000 against EUR 2,829,000 a year ago.

The Federal Reserve Bank of New York Announces Board Appointments

The Federal Reserve Bank of New York announced that it has appointed Aminy Audi, Anne Kress, Melanie Littlejohn and Linda MacFarlane to its upstate New York regional advisory board. The board, which is composed of CEOs and presidents of large companies that are headquartered in upstate New York, supports the New York Fed's ongoing effort to better assess economic and financial conditions in the region. This intelligence contributes to the New York Fed's understanding of the regional economy and helps inform policymaking. Aminy I. Audi is the President & CEO of L. & J.G. Stickley, Manlius, New York. Dr. Anne Kress is the President of Monroe Community College, Rochester, New York. Melanie Littlejohn is the Regional Director of Community and Customer Management at National Grid, North Syracuse, New York. Linda MacFarlaneis the Executive Director of the Community Loan Fund of the Capital Region, Albany, New York.

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