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.

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

as of January 2015


Restated Organization Certificate
as of December 2005

Code of Business Conduct and

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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