FHLBNY Bulletin No. 022

Bulletin 22

Updates to the 2016 Fee Schedules

Due to the successful adoption of 1LinkSKsm Self Service by a majority of our Members, 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 April 1, 2016, FHLBNY is implementing a $5 increase to their Safekeeping Services fees for Purchases / Sales submitted by Fax/E-mail (require manual processing):

Updated Fees for Purchases / Sales by Fax / E-mail:

  • Book Entry (FED/DTC): $25 per transaction
  • All Physicals: $40 per transaction

We anticipate additional fee changes for trades submitted via Fax/E-Mail in the third quarter of 2016.  Details will be communicated later this year.  To avoid being assessed the higher trade fees related to Fax/E-Mail trades, please contact Custody and Pledging Services (“CPS”) (800) 546-5101 for assistance to begin to utilize 1LinkSKsm for all of your Safekeeping needs. CPS staff is ready to assist your institution to making 1LinkSKsm the main Safekeeping portal for your institution. 

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'.

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