Corporate Governance

The New York Bank, like all the other 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 Bank's membership on a statewide basis; independent directors are elected by the Bank's membership on a districtwide basis. The Bank also has a Housing Advisory Council, which reports annually to the Federal Housing Finance Agency on the Bank’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.

2010 FHLBNY Director Election Information

List of Key 2010 Election Dates

Election Announcement packages containing nomination certificates and other related information regarding the 2010 Director election process were mailed to all eligible stockholders in our district on June 30, 2010. Two Member Director seats from New Jersey, two Member Director seats from New York, and two district-wide Independent Director seats will be up for election later this year for terms that will begin on January 1, 2011. The deadline to return your nomination certificates to the FHLBNY is 5:00 p.m. on July 30, 2010.

Federal Home Loan Bank Independent Director Application Form

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. A copy of the Application Form is available through the above link. An original executed copy of the Application Form (which may be sent via regular or express mail) must be received by Corporate Secretary Barbara Sperrazza 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 30, 2010.