Updates to the 2016 Fee Schedules
As communicated earlier this year, the Federal Home Loan Bank of New York (“FHLBNY”) is striving towards full Member participation in 1LinkSKsm by year-end. We will continue to offer the current discounted fees for 1LinkSKsm Self Service Online transactions. However, effective July 1, 2016, FHLBNY is implementing an additional $5 increase to their Safekeeping Services fees for Purchases/Sales submitted by Fax or E-Mail (require manual processing):
Updated fees for security purchases or sales by Fax / E-Mail:
- Book Entry (FED/DTC): $25 to $30 per transaction
- All Physicals: $40 to $45 per transaction
To avoid being assessed the higher trade fees related to Fax / E-Mail trades, please contact Custody and Pledging Services (“CPS”) at (800) 546-5101 for assistance to begin to utilize 1LinkSKsm for all of your Safekeeping needs.
If you have any questions about the FHLBNY’s Safekeeping fees, please contact your Calling Officer at (212) 441-6700. You can access the Fee Schedules by signing on to 1Linksm, our internet banking system and clicking on the 'Manuals and Guides'.