In January 2019, after a series of discussions around long-run frameworks for monetary policy implementation, the FOMC communicated its intention to maintain an ample supply of reserves, affirming the ...

Indeed, if the uncertainty is great enough, the optimal level of reserves can exceed the cutoff for abundant reserves under no uncertainty. That is, uncertainty can imply that it is optimal to supply ...

As part of our core mission, we supervise and regulate financial institutions in the Second District. Our primary objective is to maintain a safe and competitive U.S. and global banking system. The ...

1 Annualized as a four-quarter moving sum. 2 Rates represent annualized shares of balances transitioning into delinquency. Flow into serious delinquency is computed as the balances that have newly ...

Wilbert van der Klaauw's CV The views expressed in the papers listed on this page are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the ...

Thomas Klitgaard's CV The views expressed in the papers listed on this page are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the ...

Remarks at 2024 Annual Primary Dealer Meeting, Federal Reserve Bank of New York, New York City As prepared for delivery ...

Remarks at 2024 U.S. Treasury Market Conference, Federal Reserve Bank of New York, New York City As prepared for delivery ...

Remarks before the Money Marketeers of New York University (delivered via videoconference) As prepared for delivery ...

The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities. The growing role of nonbank ...