Letters of Credit

Legislation Pertaining to the Collection of Deposits

The following laws permit the use of FHLBNY MULOCs as collateral to secure state and local government (municipal) deposits:


  • New York Laws
    (Deposit type: City, Municipal, State, Court, BDD, NYSCDP)


Note: Other states may allow FHLBNY MULOCs to be used as collateral for public unit deposits. Please contact your Calling Officer at (212) 441-6700 for more information.



Calling Officers
(212) 441-6700


General Terms and Conditions of Use | Privacy Policy | Forward-Looking Statements
Our friendly lawyers have asked us to tell you that visitors remaining in session with this site IMPLICITLY CONSENT to our General Terms and Conditions of Use and our Privacy Policy, and ACKNOWLEDGE our Cautionary Language Regarding Forward-Looking Statements. Please exit this session if you do not agree with the foregoing.
© Federal Home Loan Bank of New York. All rights reserved. Site Best viewed in Internet Explorer 7.0+ browser.