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.

Results of FHLBNY's 2016 Director Elections

The FHLBNY has announced the results of the 2016 elections for four positions on the FHLBNY’s Board of Directors whose terms will each commence on January 1, 2017. All four terms will run for four years, expiring on December 31, 2020. (The FHLBNY previously announced on August 30, 2016, that incumbent Director Jay M. Ford had been elected to fill the one open Member Director seat representing New Jersey with a term beginning on January 1, 2017; for more information, click here.)

We appreciate your participation in this year’s Director elections; this participation helps keep the Board of Directors strong and diverse.

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

2016 Board of Directors
as of January 2016

 

2016 Board Committee Roster
as of January 2016

Executive Committee Charter
as of March 2016

 

Audit Committee Charter
as of March 2016

Compensation and Human Resources Committee Charter
as of March 2016

 

Corporate Governance and External Affairs Committee Charter
as of March 2016

Housing Committee Charter
as of March 2016

 

Strategic Planning Committee Charter
as of March 2016

Risk Committee Charter
as of March 2016

 

Technology Committee Charter
as of March 2016

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 2015

 

Reporting Ethics Violations

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

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