The WSJ reports today (Mar. 5) in "Washington Strips New York Fed’s Power" that bank supervision is moving from NY to Washington. Reference is made to a new structure described in a previously undisclosed paper from 2010 identified as the "Triangle Document". The document is described as being six pages, which is much shorter than many other regulatory materials--maybe they are on to something.
In other news, the regional Federal Reserve Banks are an unconstitutional part of the Federal Reserve System according to a paper from the Brookings Institution's Hutchins Center on Fiscal and Monetary Policy released on Mar. 2, 2015. New York has one of these banks.