An advance is a fully collateralized loan that provides essential liquidity and long-term financing to members. Members of the FHLBNY have access to a wide variety of advance programs that have been designed to assist our members in meeting their credit needs. Please refer to our Credit Product Descriptions for more information.
Rates for most of the FHLBNY’s advance programs are located on our website at http://www.fhlbny.com/rates. Rates for adjustable rate credits (ARCs) and advances with options (e.g., caps and floors) are not posted on the Web; however members may call 212-441-6600 for rate indications. All rates are subject to change during the day depending on market conditions.
Advance requests can be made either over the phone or through 1Linksm, the FHLBNY’s online Internet banking system. However, please note that online borrowing via 1Link is limited to fixed rate or repo advances with final maturities of 11 months or less.
Yes. All advances may be prepaid in whole or in part prior to maturity at the option of the member, upon payment of an Early Termination Fee, if applicable. All prepayment requests must be made in writing and prepayment transactions will generally occur on the business day following the day of the request.
The FHLBNY’s Member Products Guide provides a great deal of information on the programs and products the FHLBNY currently offers. The Guide is available to all members through 1Link. Our calling officers and customer service representatives are also available to answer any questions you may have about our products and services at 212-441-6700.
