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Reserve Bank
of New York
About the Federal Reserve System
In short, the Federal Reserve System is
a central banking system
which has 3 main parts: 1. The Federal
Reserve Board of Governors 2. The 12 Federal
Reserve Banks 3. The Federal Open
Market Committee (FOMC).
-federalreserve.gov
What is a Federal Reserve Bank?
A Federal
Reserve Bank is a
cog in the Federal
Reserve System,
based in one of the
12 outlined Federal
Reserve Districts.
-federalreserve.gov
What do Federal Reserve Banks do?
Federal Reserve Banks are often called the
"bankers' banks" because they distribute
currency and coin to banks, lend money to
banks, and process electronic
payments. They maintain accounts for the
U.S. Treasury, process government checks,
and conduct government securities
auctions. They also conduct research on
the regional, national, and international
economies. -stlouisfed.org
New York city census information
• The
zip code for the Federal Reserve Bank of New
York is 10045
• New York city population in 2016 ~ 8,537,673
• Median household income in 2016 ~ $58,856
• Median family income in 2016 ~ $65,440
• Per capita income in 2016 ~ $35,508
-factfinder.census.gov
New York city census info cont.
(for population 25 years and older)
• Less than a high school diploma ~ 18.5%
• High school diploma or equivalent ~ 24.1%
• Some college or associate's degree ~ 20.4%
• Bachelor's degree ~ 21.5%
• Graduate or professional degree ~ 15.5%
-factfinder.census.gov
New York city census info cont.
(of total population)