The Federal Reserve Bank of New York is one of the twelve regional banks in the Federal Reserve System, which serves as the central bank of the United States. Established in 1914, it plays a crucial role in implementing monetary policy, supervising financial institutions, and providing financial services to the government and public. Located in New York City, the bank is responsible for a significant portion of the nation's monetary policy operations. It conducts open market operations, manages the country's gold reserves, and serves as a key point of contact for foreign central banks and international financial institutions.