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Our Mission

To provide members with reliable liquidity in support of housing and local community development.

Our Values

Member-Focused

Collaborative

Diverse & Inclusive

Accountable

Results-Oriented

Latest News

March 5, 2024
|President's Report
On February 15, 2024, the House Financial Services Committee’s Subcommittee on Financial Institutions and Monetary Policy held a hearing entitled Lender of Last Resort: Issues with the Fed Discount Window and Emergency Lending to consider potential legislative changes to the distribution of emergency liquidity in times of market stress...
February 21, 2024
|Press Releases
New York, New York — The Federal Home Loan Bank of New York (FHLBNY) today released its unaudited financial highlights for the quarter and year ended December 31, 2023. The FHLBNY’s net income for 2023 was $751.1 million, an increase of $333.7 million, or 80.0%, from net income of $417.4 million for 2022. Net interest income for the year was $995.3 million, an increase of $361.6 million, or 57.1%, from $633.7 million for 2022...
February 15, 2024
|President's Report
I am pleased to announce that, on February 15, 2024, our Board of Directors approved a dividend for the fourth quarter of 2023 of 9.75% (annualized). The dividend proceeds will be distributed to FHLBNY member financial institutions on February 16, 2024...

Updates & Notices

0% Development Advance (ZDA) Program is Now Available

Members can now apply for subsidized funding in the form of interest rate credits to assist in originating loans or purchasing loans/investments that support small businesses, climate initiatives, infrastructure-related projects, and tribal communities.

Learn More

Homebuyer Dream Program® Plus Round is Open

This new program makes it possible for moderate-income first-time homebuyers to purchase a home. Homebuyers interested in participating must contact an approved member community lenders listed under ‘HDP Plus Participating Members’.

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Financial Intelligence

MSD Banner for FI

MSD Weekly Market Update: Week Ending March 15, 2024

The Federal Open Market Committee (FOMC) meeting will be the marquee event of the upcoming week. Policymakers are almost universally expected to leave the federal funds rate target range unaltered at 5¼% to 5½%. The post-meeting communiqué likely will reiterate that economic activity has been expanding at a solid pace and that, while job gains have moderated from early last year, they remain strong, and the unemployment rate is low...

Mid-Year Outlook: Managing Through Rising Risks

Join Kristina Hooper as she discusses her outlook for the economy and markets for the remainder of 2023 and beyond. From recent challenges in the banking industry to inflation to earnings, 2023 has already faced a variety of uncertainties...

FHLBNY Municipal Letters of Credit

Our Municipal Letter of Credit (MULOC) Program is a reliable and secure form of collateralization for State and municipal deposits in all operating environments. During recent severe market stress our MULOCs performed as designed, with municipal deposits remaining fully collateralized, safe and secure. For more information regarding the benefits and the safety of the FHLBNY’s MULOC program...

Strength in Numbers

The FHLBNY is a highly-rated, congressionally chartered, wholesale bank within the national Federal Home Loan Bank System. We are currently rated “Aaa” and “AA+” by Moody’s and Standard & Poor’s, respectively. These ratings are equivalent to those assigned to the U.S. Government.

334

Members

$

144.4

B

In Assets

$

101.5

B

In Advances

Numbers shown are as of September 30, 2023

Your Key to Reliable Liquidity in Any Market Condition

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