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 2017 Director Election

One Member Director seat representing New Jersey, one Member Director seat representing New York, one Member Director seat representing Puerto Rico and the U.S. Virgin Islands, and two districtwide Independent Director seats are now up for election for terms that will each begin on January 1, 2018.

Please look out for your Director Election ballot package which was mailed to eligible members on October 6, 2017. Your vote is very important, so we ask that you take the time to review the package upon receipt and promptly return your ballot to the FHLBNY. Your ballots must be received at the FHLBNY by no later than 5:00 p.m. on November 6, 2017. A list of key dates in this year’s election is available here: List of Key 2017 Election Dates.

The FHLBNY’s Board of Directors consists of a talented group of dedicated individuals that benefits from, among other things, demographic (including gender and racial) diversity, and we expect that this will continue in the future. When considering potential nominations for Member Directorships and persons who might be interested in Independent Directorships, the FHLBNY suggests that diversity be kept in mind. 

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

Corporate Governance Guidelines of the FHLBNY

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

View Corporate Governance Guidelines
as of March 2017

 

FHLBNY Board Committee Charters & Roster

2017 Board of Directors
as of September 2017

 

2017 Board Committee Roster
as of September 2017

Executive Committee Charter
as of March 2017

 

Audit Committee Charter
as of March 2017

Compensation and Human Resources Committee Charter
as of March 2017

 

Corporate Governance and External Affairs Committee Charter
as of March 2017

Housing Committee Charter
as of March 2017

 

Strategic Planning Committee Charter
as of March 2017

Risk Committee Charter
as of March 2017

 

Technology Committee Charter
as of March 2017

Other Important FHLBNY Documents and Information

Bylaws
as of February 2016

 

Restated Organization Certificate
as of December 2005

Code of Business Conduct and
Ethics

as of December 2016

 

Reporting Ethics Violations

Regulations Regarding Responsibilities of Boards of Directors, Corporate Practices and Corporate Governance Matters
as of December, 2015

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