Federal Reserve Bank of New York Internship

The Scoop

The Federal Reserve Bank of New York is one of 12 regional Reserve Banks which, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The "Fed," as the system is commonly called, is an independent governmental entity created by Congress in 1913 to serve as the central bank of the United States. It is responsible for formulating and executing monetary policy, supervising and regulating depository institutions, providing an elastic currency, assisting the federal government's financing operations, and serving as the banker for the U.S. government. It also has important roles in operating the nation's payment systems, protecting consumers' rights in their dealings with banks and promoting community development and reinvestment.

Internships are available in the areas of bank supervision and regulation, domestic and international research, financial services, information technology and markets. Some of the projects in which interns may be involved are assessing banking applications, writing research papers and conducting bank examinations. Interns also participate in weekly seminars and luncheons with senior management. Highly motivated interns at the Fed can expect a job offer after their term-around 80 percent go on to work at the Fed full time.

Eligibility

Undergraduate positions are open to rising juniors and seniors majoring in a business discipline. Graduate positions are available for students who have completed their first year of an MBA or public policy program. All applicants should have strong computer, writing and analytical skills and demonstrate academic excellence.


Contact Information

  • Internship Coordinator
  • Federal Reserve Bank of New York
  • Federal Reserve Bank of New York
  • 33 Liberty Street
  • New York, NY 10045
  • Phone: (212) 720-5000

Stats

Locations

  • New York, NY

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