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

In General
Election Announcement packages containing nomination certificates and other related information regarding the 2017 Director election process were mailed to all eligible stockholders in our district on June 30, 2017. 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 will be up for election later this year for four-year terms that will each begin on January 1, 2018. A list of key dates in this year’s election is available here: List of Key 2017 Election Dates.

Regarding Nomination Certificates for Open Member Director Seats
Nomination certificates for all of the open 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. ET on August 1, 2017.

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. ET on August 1, 2017. A copy of the Application Form is available here: Federal Home Loan Bank Independent Director Application Form.

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 January 2017

 

2017 Board Committee Roster
as of January 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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