UPDATE 1-Senators set Nov. 21 hearing on New York Fed examination tapes
October 31, 2014 at 17:07 PM EDT
NEW YORK, Oct 31 (Reuters) - A U.S. Senate subcommittee hearing is set for Nov. 21 to investigate whether the Fed's relationship with the banks it regulates is too cozy, following the release of secretly recorded conversations between the Federal Reserve Bank of New York and Goldman Sachs officials.