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

 

 
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