The southernmost tip of Manhattan Island, apart from Battery Park and Battery Park City, is called the Financial District. This moniker stems from the fact that the area is home to many of the leading financial institutions of the city, nation and world. The neighborhood is also the location of the New York Federal Reserve and the New York Stock Exchange. The focal point of the neighborhood is the intersection of Broad and Wall Streets, names synonymous with high finance. While it is primarily a business district, many people are moving to the area as office buildings are being converted to condominiums and other residential spaces. The boundaries of the Financial District are very similar to the outline of the original Dutch colony New Amsterdam.
The Financial District contains several tourist attractions and historical sites. Federal Hall, the scene of George Washington’s inauguration, is located at the corner of Nassau and Wall Streets. It is also the site of America’s first capital. The stretch of Broadway from Bowling Green to City Hall Park is called the Canyon of Heroes. As parades of honored guests travel northward, they are showered with shredded paper products from the windows of the adjacent office buildings. In earlier times, it was outdated ticker machine tape containing stock market symbols and quotes, hence the name, ticker-tape parade. The historic South Street Seaport, the Museum of American Finance and the New York Police Museum are all located within the district.
The terms Wall Street and Financial District are not interchangeable. The district is an actual geographic location. Wall Street describes the financial markets and investment firms that are situated within the district.