Corporate Governance

The Federal Home Loan Bank of New York (FHLBNY), like all the other Federal Home Loan Banks, is governed by a Board of Directors, comprising Member Directors (who consist of officers and directors of member institutions) and Independent Directors (who are not affiliated with member institutions). Member Directors are elected by the FHLBNY's membership on a statewide basis; Independent Directors are elected by the FHLBNY's membership on a districtwide basis. The FHLBNY also has a Housing Advisory Council, which reports annually to the Federal Housing Finance Agency on the FHLBNY’s low-income housing activities. The advisory council consists of members from community-based non-profit organizations to advise on the low-income housing needs of our district.

About the FHLBNY's 2015 Director Election

In General

Election Announcement packages containing nomination certificates and other related information regarding the 2015 Director election process were mailed to all eligible stockholders in our district on June 26, 2015. Two Member Director seats representing New York, and two districtwide Independent Director seats will be up for election later this year for terms that will each begin on January 1, 2016. A list of key dates in this year’s election is available here: List of Key 2015 Election Dates.

Regarding Nomination Certificates for Open Member Director Seats

Nomination certificates for the two open New York Member Director seats must be received at the Federal Home Loan Bank of New York, 101 Park Avenue, New York, NY 10178 by no later than
5:00 p.m. on July 28, 2015.

Regarding Independent Director Application Forms

Persons who are interested in being considered for nomination for an Independent Director seat on the FHLBNY's Board of Directors must first submit an Independent Director Application Form to the FHLBNY. An original executed copy of the Application Form (which may be sent via regular or express mail) must be received at the Federal Home Loan Bank of New York, 101 Park Avenue, New York, NY 10178 (Attn.: General Counsel) by no later than 5:00 p.m. on July 28, 2015. A copy of the Application Form is available here: Federal Home Loan Bank Independent Director Application Form.

For more information, director election questions can be sent to the General Counsel.

Corporate Governance Guidelines of the FHLBNY

Adopted by the Board: March 19, 2015

The Board of Directors (Board) of the FHLBNY, acting on the recommendation of its Corporate Governance Committee, has adopted a set of guidelines in furtherance of its continuing efforts to enhance its corporate governance.

View Corporate Governance Guidelines

FHLBNY Board Committee Charters & Roster

2015 Board of Directors
as of January 2015

 

2015 Board Committee Roster
as of March 2015

Executive Committee Charter
as of May 2015

 

Audit Committee Charter
as of March 2015

Compensation and Human Resources Committee Charter
as of March 2015

 

Corporate Governance and External Affairs Committee Charter
as of March 2015

Housing Committee Charter
as of March 2015

 

Strategic Planning Committee Charter
as of February 2015

Risk Committee Charter
as of February 2015

 

Technology Committee Charter
as of February 2015

Other Important FHLBNY Documents and Information

Bylaws
as of January 2015

 

Restated Organization Certificate
as of December 2005

Code of Business Conduct and
Ethics

as of December 2014

 

Reporting Ethics Violations

12 C.F.R. 917 -- Regulations Regarding the Powers and Responsibilities of Federal Home Loan Bank Board of Directors and Senior Management
as of August 2007

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