Corporate Governance

Corporate Governance

The Federal Home Loan Bank of New York (FHLBNY), like all the other Federal Home Loan Banks, is governed by a Board of Directors, comprising Member Directors (who consist of officers and directors of member institutions) and Independent Directors (who are not affiliated with member institutions). Member Directors are elected by the FHLBNY’s membership on a statewide basis; Independent Directors are elected by the FHLBNY’s membership on a districtwide basis. The FHLBNY also has a Housing Advisory Council, which reports annually to the Federal Housing Finance Agency on the FHLBNY’s low-income housing activities. The advisory council consists of members from community-based non-profit organizations to advise on the low-income housing needs of our district.

About the FHLBNY’s Director Election

Two Member Director seats representing New York and two districtwide Independent Director seats are now up for election for terms that will each begin on January 1, 2020.

Director Election ballot packages were distributed electronically to eligible members on October 4, 2019. Your vote is very important, so we ask that you take the time to review the package upon receipt and promptly return your ballot to the FHLBNY. Your electronic ballot submissions must be received by no later than 5:00 p.m. Eastern Time on Tuesday, November 5, 2019.

A list of key dates in this year’s election is available here: List of Key 2019 Election Dates.

Questions regarding the 2019 Director Elections can be sent to the General Counsel.

Regarding Board Diversity

The FHLBNY’s Board of Directors consists of a talented group of dedicated individuals that benefits from, among other things, demographic (including gender and racial) diversity, and we expect that this will continue in the future. When considering potential nominations for Member Directorships and persons who might be interested in Independent Directorships, the FHLBNY suggests that diversity be kept in mind.

For more information, director election questions can be sent to the General Counsel.

Corporate Governance Guidelines of the FHLBNY

The Board of Directors (Board) of the FHLBNY, acting on the recommendation of its Corporate Governance and External Affairs Committee, has adopted a set of guidelines in furtherance of its continuing efforts to enhance its corporate governance.

Key Contacts

Relationship Managers:
(212) 441-6700
[email protected]

Key Contacts

Relationship Managers:
(212) 441-6700
[email protected]