New York Fed Executive Tours Crystal Windows

March 15, 2011

Crystal Window & Door Systems hosted New York Federal Reserve Bank Executive Vice President Joseph Tracy and other bank executives for a visit of the Crystal facility and headquarters in Queens, N.Y. last week. The visit was the result of outreach efforts of the New York reserve bank which met that day with a variety of Queens businesses and trade associations.

Crystal's Steven Chen, left, welcoming Joseph Tracy, an executive with the New York Fed.

Tracy toured Crystal’s headquarters and main factory, and viewed the fabrication and assembly of Crystal’s IG units and aluminum and vinyl windows, including Energy Star and advanced R-5 products. Following the tour, Mr. Tracy met with a diverse cross-section of Crystal employees to discuss a variety of topics including the economy, interest rates, business and consumer credit, tax incentives, the real estate market and Federal Reserve activities.

“We were very excited that Mr. Tracy and the New York Federal Reserve visited Crystal, toured our operations here and talked with our employees,” said Steve Chen, Crystal’s executive vice president. “Our business is directly tied to the economy of the region in terms of construction and real estate, especially in the residential and commercial sectors. This meeting was a great opportunity to discuss critical economic issues such as credit availability and interest rates with this prominent policymaking institution.”

The New York Federal Reserve Bank is the largest of 12 regional banks in the Federal Reserve System in terms of assets and volume of activity. Crystal's Chen serves on the bank’s Advisory Council on Small Business and Agriculture.