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.

2012 FHLBNY Director Election Information

The FHLBNY is pleased to announce that Mr. Jay M. Ford, Mr. Vincent Palagiano, Ms. C. Cathleen Raffaeli and Rev. Edwin C. Reed have been re-elected to serve on the Board of Directors of the FHLBNY for terms commencing on January 1, 2013.

› View 2012 Director Election Report

Corporate Governance Guidelines of the FHLBNY

Adopted by the Board: September 20, 2012

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

2013 Board of Directors as of January 2013		2013 Board Committee Roster as of January 2013
Executive Committee Charter as of June 2012		Audit Committee Charter as of June 2012
Compensation and Human Resources Committee Charter as of June 2012		Corporate Governance Committee Charter as of June 2012
Government and Congressional Affairs Committee Charter as of June 2012		Housing Committee Charter as of June 2012
Strategic Planning Committee Charter as of June 2012		Risk Committee Charter as of March 2013

 

Other Important FHLBNY Documents and Information

Bylaws as of September 2009		Restated Organization Certificate as of December 2005
Code of Business Conduct and Ethics as of September 2012		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