President's Report

At the Bank

December 7
On November 16 th , your cooperative’s Board of Directors elected John R. Buran to serve as its chairman for a two-year term that will commence on January 1, 2018. Mr. Buran, who is president and CEO of Flushing Bank, has served as a Member Director since...more

Dividend Announcement

November 16
I am pleased to announce that, on November 16, 2017, your Board of Directors approved a dividend for the third quarter of 2017 of 6.00% (annualized). The dollar amount of the dividend will be approximately $97.0 million. The cash dividend will be distributed to member...more

Prior Issues

Press Releases

Federal Home Loan Bank of New York
Awards $36 Million for 42 Affordable Housing Initiatives

December 7
Projects will create, rehabilitate or preserve nearly 2,900 affordable housing units New York, NY –  José R. González, president and CEO of the Federal Home Loan Bank of New York, announced that the Bank has awarded $36.9 million in...more

Prior Releases

Bulletins & Memos

FHLBNY Capital Plan Revisions

July 14
On August 1, 2017, the Federal Home Loan Bank of New York (“FHLBNY”) will reduce its Membership Stock Purchase Requirement (“MSPR”), thereby reducing the capital its members hold as owners of the cooperative. As a member of the FHLBNY, you...more

Prior Issues

Member Advantage

Opportunities for Growth

Third Quarter 2017
Read this edition to learn about opportunities for growth, disaster relief funding for members rebuilding communities in FEMA-designated disaster areas, and board election updates....more

Prior Issues

Announcements & Reminders

FHC Enrollment Period Deadline: December 10

Members may enroll an unlimited # of qualified households.The Enrollment Form must be received via email to no later than Thursday, December 10, 2015, by 5pm EST.

Upcoming Events

December 13
MPF Webinar: Essent Presents: Condos as Collateral

December 19
MPF Webinar: Review of Annual Eligibility Certification Forms OG1 & OG2