Additional funding has been added to the 0% Development Advance (ZDA) Program

Due to the overwhelming member response to our 0% Development Advance (ZDA) Program¹, the Federal Home Loan Bank of New York (FHLBNY) is pleased to announce that additional funding has been added to the second round. ZDA Program funding is available on a first-come, first-served basis. Application approvals are not a guarantee of funding; the advance(s) must be drawn.

Please contact the Member Services Desk for the latest funding availability at (800) 546-5101, option 1. For more information, visit the ZDA Program page to review program guidelines, terms and qualifying criteria, or to learn more about how the ZDA Program can benefit your institution.

¹Advances under the ZDA Program are transacted in the same manner as traditional Advances, in adherence with all credit, collateral, and capital stock requirements and are subject to lending parameters under the new Credit Risk Management Framework.

No items found

Bulletins

# # #

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This report may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. These statements may use forward-looking terms, such as “projected,” “expects,” “may,” or their negatives or other variations on these terms. The Bank cautions that, by their nature, forward-looking statements involve risk or uncertainty and that actual results could differ materially from those expressed or implied in these forward-looking statements or could affect the extent to which a particular objective, projection, estimate, or prediction is realized. These forward-looking statements involve risks and uncertainties including, but not limited to, the Risk Factors set forth in our Annual Reports on Form 10-K and our Quarterly Reports on Form 10-Q filed with the SEC, as well as regulatory and accounting rule adjustments or requirements, changes in interest rates, changes in projected business volumes, changes in prepayment speeds on mortgage assets, the cost of our funding, changes in our membership profile, the withdrawal of one or more large members, competitive pressures, shifts in demand for our products, and general economic conditions. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to revise or update publicly any forward-looking statements for any reason.