In which U.S. city is the Federal Reserve Bank of New York located?

The Federal Reserve Bank of New York is located in New York City. Its headquarters stand at 33 Liberty Street in Lower Manhattan’s Financial District, a location chosen because New York was—and remains—the center of the United States’ financial markets.

The New York Fed opened for business on November 16, 1914, soon after the Federal Reserve System was created by the Federal Reserve Act of 1913. It serves the Federal Reserve’s Second District, covering New York State, northern New Jersey, southwestern Connecticut, Puerto Rico, and the U.S. Virgin Islands.

Its headquarters building, completed in stages between 1924 and 1935, was designed in a Florentine Renaissance-inspired style by York and Sawyer. The building is famous for its fortress-like appearance and for a large underground vault that stores gold belonging to foreign governments, central banks, and international organizations.

A common mix-up is confusing the New York Fed with the Federal Reserve Board in Washington, D.C. The Board’s headquarters are in Washington, while the New York Fed is one of the twelve regional Reserve Banks and has a particularly important role in financial-market operations.