Building on strong foundations: Why central banks bank for each other - remarks by Andrew Hauser

Given at the Federal Reserve Bank of New York’s Commemoration of the 100th Anniversary of the Federal Reserve System’s U.S. Dollar Account Services to the Global Official Sector.
Published on 20 December 2017

In his remarks, Andrew Hauser, Executive Director, Banking, Payments and Financial Resilience explains how the agreement by the Bank of England and the New York Federal Reserve in Spring 1917 to provide banking services to one another was actually part of a seminal moment in the development of the international financial system.

Andrew then gives a Bank of England perspective on those events, describes the services that we provide today, and touches on some of the challenges and opportunities for the future.

PDF Building on strong foundations: Why central banks bank for each other - remarks by Andrew Hauser 

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