The Federal Home Loan Bank of New York (HLB) has established a “standing instruction” process to more effectively and efficiently assist our members in curing collateral shortfalls. By completing the Collateral Standing Instructions Agreement, your institution can choose the actions the HLB can take to either re-allocate securities collateral between Repo and Non Repo indebtedness, and/or pledge on your behalf unencumbered securities from your primary account and/or from your subsidiary/affiliate pledge account(s).
The Collateral Standing Instructions agreement is available on our website along with a completed Sample Collateral Standing Instructions agreement to serve as a guide. If this is of interest to you, please complete the form and return it to:
Federal Home Loan Bank of New York
30 Montgomery Street – 3rd Floor
Jersey City, NJ 07302
Attn: Tisa Surat, Collateral Operations Manager