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Corporate Governance

 

The New York Bank, like all the other Home Loan Banks, is governed by a Board of Directors, comprising public interest directors appointed by the FHFB as well as directors elected by stockholders. The Bank also has a Housing Advisory Council, which reports annually to the Federal Housing Finance Board 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.

 

 

Corporate Governance Guidelines of the FHLBNY

Adopted by the Board: October 18, 2007

 

The Board of Directors ("Board") of the Federal Home Loan Bank of New York, 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

 

 

Key Dates for 2007 Election of Directors

 

Date	Action
7/9/07	Start of 2007 Election of Federal Home Loan Bank of New York (FHLBNY) Directors. Nomination certificates are mailed to eligible member institutions in the voting states for 2007.
8/8/07	Nomination Deadline. Nomination certificates must be due back to FHLBNY by August 8th.
9/10/07	Nominee Acceptance Deadline. Candidates running for election must return the completed Eligibility Form to the FHLBNY by September 10th.
10/1/07	Ballots are mailed by the FHLBNY to eligible member institutions in the designated voting states for 2007.
11/1/07	Voting Deadline. Ballots must be received at the FHLBNY by November 1st. Election results are tabulated starting on November 2nd.
11/5/07	Elected candidates are notified by the FHLBNY of the election results.
11/7/07	The FHLBNY announces the results of the 2007 Election of FHLBNY Directors. Statewide election results, including the total number of votes received by each candidate on the ballot, will be mailed to member institutions.
1/1/08	Directors elected in 2007 take office.

 

The Federal Home Loan Bank of New York, located at 101 Park Avenue, New York, NY 10178-0599, is responsible for conducting the Election of Directors for the Second District. For further information on the election process, please contact Corporate Secretary Barbara Sperrazza. She can be reached at sperrazza@fhlbny.com. You can also send a fax to (212) 949-2007 or contact her by telephone number at (212) 441-6819.

 

 

FHLBNY Board Committee Charters & Roster

Executive Committee Charter    as of April, 2008	Audit Committee Charter    as of August, 2007
Compensation and Human    Resources Committee Charter    as of April, 2008	Corporate Governance Committee    Charter    as of April, 2008
External Affairs Committee    Charter    as of June, 2007	Housing Committee Charter    as of June, 2007
2008 Board Committee Roster    as of April, 2008

 

 

Other Important FHLBNY Documents and Information

Bylaws    as of April, 2008	Restated Organization Certificate    as of December, 2005
Code of Business Conduct and    Ethics    as of August, 2007	Reporting Ethics Violations
12 C.F.R. 917 -- FHFB Regulations Regarding the Powers and     Responsibilities of Federal Home Loan Bank Board of Directors     and Senior Management     as of August, 2007