FHLBNY Advantage

Enhance Your Net Interest Margin and Reduce Operational Expenses
with FHLBNY Municipal Letters of Credit

April 2013
Maintaining a sustainable income in today’s low interest rate environment is no small achievement, especially when increased compliance costs associated with new regulatory requirements and an overall weak economy put additional strains on income...more

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MPF Connection

Watertown Saving Bank – 7 Years and Still Thrilled with the MPF Program

Volume 7 | Issue 16
There’s no better testimony than that which comes from your community lending peers. Mark R. Lavarnway, President & CEO of Watertown Savings Bank finds the Mortgage Partnership Finance^® (MPF^®) Program to be the right fit for his institution...more

› Prior Issues

Community Investment News

Community Investment News

October 24
Alfred A. DelliBovi, president and CEO of the FHLBNY, was named to the Bipartisan Policy Center’s Housing Commission in December 2011. By Alfred A. DelliBovi In December of last year, I was named to the Bipartisan Policy Center’s Housing...more

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Industry Publications

Letters of Credit Gain Momentum as an Alternate Means to Secure Public Deposits

When depositing a significant amount of public funds with a financial institution, municipalities understandably require these deposits to be properly secured. Municipalities have customarily requested financial institutions to collateralize their deposits with...more

› Other Industry Publications