(US ECONOMY) One of the 12 district Federal Reserve Banks. Based in New York (2nd FR district). Along with members of the Federal Reserve Board, enjoys a permanent seat on the FOMC (other district banks only get to rotate).
Main job is to regulate banks and administer monetary policy through open market operations. Former New York Fed president Tim Geithner is now Secretary of the US Treasury Department (as of early 2009).
Main job is to regulate banks and administer monetary policy through open market operations. Former New York Fed president Tim Geithner is now Secretary of the US Treasury Department (as of early 2009).
Prior to 1928, the President of the Federal Reserve Bank of New York was the de facto leader of the entire system. This was because of the powerful personality and connections of Benjamin Strong, a former J.P. Morgan partner.
by Abu Yahya September 10, 2010
Get the Federal Reserve Bank of New York mug.
Get the Fegger mug.by bros October 6, 2006
Get the federell mug.when a girl or guy sticks his or her finger(s) up a girl. Or when a girl uses her fingers to "rub" her genitals for sexual pleasure.
God, i feel so horny, i need some sex, but i'm single, no one to fuck. hmm I'll just FENGER myself... uhh uhh uhhh...
by SallySouthworth March 25, 2007
Get the fenger mug.Doing something in the manner of a Fergie. A eulagy at a funeral for someone named Fergie. Doing someone who looks like Fergie.
by joe shmoezal June 9, 2007
Get the fergergally mug.The mightiest of all vessels that sail the seven seas. Contracted by the state of Mauritius in 1985, this carrier is capable of handling loads from up to 5 clients at a time. The federal arvind is a long, narrow vessel, ideal for ice breaking in the arctic however, given it's speed and fuel efficiency, it is often hired for non-arctic voyages.
by sailorboy41 June 18, 2012
Get the federal arvind mug.by skyeyeimages February 10, 2013
Get the Federal Guap mug.