Industry Publications

Letters of Credit Gain Momentum as an Alternate Means to Secure Public Deposits
New York State GFOA - New York GFOA Newsletter
Association of Towns of the State of New York - Talk of the Towns & Topics Publication
New York State Association of Counties - NYSAC News
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

Collateralize Municipal Deposits with Aaa-Rated Letters of Credit from the Federal Home Loan Bank of New York
IBANYS - Community Bank Notes
Since liquidity is a key strategic issue for financial institutions, having available collateral is a crucial element for tapping additional resources. Often, securities in your investment portfolio are used to collateralize municipal deposits. While this may be a...more

Federal Home Loan Bank: 75 Years of Successfully Supporting Community Leaders
NJ Bankers Association - NJ Banker Magazine
It was 1932 and The Great Depression was taking a heavy toll. More than a quarter of Americans were out of work. A quarter million homebuyers lost their mortgages. And thousands of lending institutions had collapsed. In response, President Herbert Hoover proposed...more

Federal Home Loan Bank Letters of Credit Comes of Age
Aaa-rated Letters of Credit increasingly used in municipal transactions
NJ League of Municipalities - NJ League of Municipalities Magazine
Municipal finance officers are beginning to see a new counterparty on the Letters of Credit (“L/C”) landscape: the Federal Home Loan Bank of New York (“HLB”). The Federal Home Loan Bank System, comprised of 12 district Banks nationwide, is a...more

Form a Strategic Alliance With the HLB Letters of Credit
NJ Bankers Association - NJ Banker Magazine
NJ League of Community Bankers - NJ League News
Liquidity is a key strategic issue for financial institutions. Having available collateral is a crucial element for tapping potential liquidity. Often, securities in your investment portfolio are used to collateralize state and municipal deposits. While this may be a...more

Collateralize Municipal Deposits with a Aaa-Rated Letter of Credit from the Federal Home Loan Bank of New York
New Jersey GFOA - Report Newsletter
When depositing a significant amount of money into a financial institution, municipalities require their municipal deposits to be secured. Usually, a financial institution will post a number of its securities to collateralize the municipal deposit. While this is a...more

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