The actual execution of open market operations is done at
A)the Board of Governors in Washington,D.C.
B)the Federal Reserve Bank of New York.
C)the Federal Reserve Bank of Philadelphia.
D)the Federal Reserve Bank of Boston.

Question

Quizplus · Accepted Answer

The Federal Reserve Bank of New York is responsible for the execution of open market operations on behalf of the Federal Open Market Committee (FOMC). It is located in the financial district of Manhattan and is in charge of conducting monetary policy operations in the second district of the Federal Reserve System, which includes New York state, northern New Jersey, and Fairfield County in Connecticut.

The Actual Execution of Open Market Operations Is Done at