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 2016 Director Election
Election Announcement packages containing nomination certificates and other related information regarding the 2016 Director election process were mailed to all eligible stockholders in our district on June 24, 2016. One Member Director seat representing New Jersey, 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, 2017. A list of key dates in this year’s election is available here: List of Key 2016 Election Dates.
Regarding Nomination Certificates for Open Member Director Seats
Nomination certificates for the one open New Jersey Member Director seat and 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 26, 2016.
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 26, 2016. A copy of the Application Form is available here: Federal Home Loan Bank Independent Director Application Form. (Please first download and save the Form before filling in the document.)
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
Adopted by the Board: February 18, 2016
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
FHLBNY Board Committee Charters & Roster
Other Important FHLBNY Documents and Information