Financial Intelligence

Welcome to FHLBNY Financial Intelligence! Discover the solutions you need to meet the goals of your institution in this collection. Keep checking back as we curate a financial intelligence hub dedicated to sharing our expertise on everything from funding strategies and the economy to changes in the financial marketplace.

Looking for more newsworthy updates from the FHLBNY? Check out our Member Advantage and Economic Perspectives publications.

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LIBOR’s Transition to SOFR

The LIBOR Transition is the biggest transformation in financial services today, affecting some $200 trillion of U.S. Dollar transactions. LIBOR is slated for cessation at the end of 2021. Increasingly, financial regulators in the US and UK are speaking out about LIBOR reform, and their message is…

Despite Yield-Curve Inversions, Recession Appears A Long Way Off

Even before it became the longest expansion in U.S. history in July, the longevity of the current business cycle upturn prompted market participants and commentators to look for signs of its impending demise. With real business activity ambling along at an above-trend pace and few, if any, signs of…

Positioning Your Institution for Success

What if you had the ability, through your membership in the FHLBNY, to optimize your balance sheet, reduce risk, enhance your bottom line, grow capital or invest in your business? Being a member of the Federal Home Loan Bank of New York (FHLBNY) puts you in a powerful position to…

Interest Rate Risk, Liquidity, and the Net Economic Value Supervisory Test

Interest rate risk is a paramount regulatory concern. Managing that risk and being able to justify your balance sheet strategies is critical to success. This session will give our Credit Union membership the tools they need to overcome challenges and make the most of…

Symmetrical Prepayment Advance (SPA) Feature

Federal Home Loan Bank of New York (FHLBNY) members have the ability, at the time of the trade, to add symmetry to certain advances with maturities of one year or greater. The SPA feature allows members to receive compensation for favorable changes in the Fair Value of…

CLP Advances — FHLBNY’s Lowest Priced Path to Community Growth

Most of our member-lenders know the core of the FHLBNY’s mission is advancing housing opportunity and local community development. However, they may not know our Community Lending Programs (CLP) features the lowest priced source of FHLBNY funding to support…

ALCO Decision Making—Making the Right Decisions at the Right Time

In a period of slow economic growth, many credit unions face unprecedented challenges. Pressure on net interest margins, declining fee revenues, and heightened operating regulatory expenses all have contributed to the decline in bottom-line income and stress on capital levels.

Interest Rate Swaps: Consider All the Options in Managing Interest Rate Risk

Interest Rate Swaps can be an effective tool in managing asset/liability mismatches present in many of our member’s balance sheets. Mismatches occur when a member funds long-term assets using short-term liabilities, or vice versa. Interest Rate Swaps involve…

What Goes Up Must Come Down—Managing Interest-Rate Risk with the Fixed-Rate with Cap

The FHLBNY Fixed-Rate Advance with a LIBOR Cap (Fixed-Rate with Cap) product is a hybrid funding option that combines a fixed-rate borrowing with an embedded interest-rate cap that is tied to the 3-Month LIBOR rate, with maturities from 1 to 10 years.

You Have the Power — Using the Callable Advance for Flexible Funding in Challenging Times

The Callable Advance was developed in consultation with our members to help meet their changing liquidity needs and to assist in their asset/liability management. The Callable Advance is essentially a Fixed-Rate Advance that gives members the option of calling (terminating)…

Mirror, Mirror, on the Wall, Is My Funding Strategy the Fairest of Them All?

As the current interest rate cycle progresses, the yield curve has inverted with long-term treasury rates testing historic lows. The push on deposit growth in 2018 has left many banks and credit unions with a higher cost of funds than in years past,…

FHLBNY Advance Rebate Program

Under the Advance Rebate Program, which represents an enhancement to our current advance prepayment methodology, the FHLBNY will provide members with a cash rebate on a portion of the fees paid relating to the early extinguishment of eligible advances when…

FHLBNY Putable Advance Modification Program

In an effort to provide our members with additional solutions for today’s challenging economic environment, the FHLBNY is pleased to offer the opportunity to modify certain advances. Currently under the Advance Modification Program there are multiple options available…

Amortizing Advances

Some members elect to sell long-term, fixed-rate residential mortgages to the secondary market rather than confront the interest rate risk associated with these loans. Forgoing the spread associated with residential mortgages could be a missed opportunity for financial institutions.

Now What? Navigating Fearlessly Through a Turbulent Environment

Bring Your ALM Strategies Out of Hibernation this Groundhog’s Day! Presented by Frank L. Farone | Darling Consulting Group (DCG). Designed to address credit union-specific challenges and opportunities, and learn how to properly assess and manage today’s risks while maximizing…

Achieve Optimal Performance: Balance Sheet Strategies for a Flattening Yield Curve Environment

Following a period of prolonged economic weakness, the economy is finally heating up and the Federal Reserve is tightening by raising interest rates. While net interest margins are improving for many, others are feeling the squeeze from the flattening yield curve.

Principal-Deferred Advance

The Principal-Deferred Advance (PDA) is a hybrid advance product that combines elements of the Fixed-Rate Advance and the Amortizing Advance. With the PDA, principal payments are deferred for a predetermined period, while the interest rate is locked in for the life of the advance.

Disclaimer: Notwithstanding any language to the contrary, nothing contained in these disclosures is intended to constitute an offer, inducement, promise, or contract of any kind. Any product descriptions and pricing may be subject to change without notice.

The content provided in these disclosures is presented as a courtesy to be used only for informational purposes and is not represented to be error free. The FHLBNY makes no representations or warranties of any kind with respect to the content contained herein, such representations and warranties being expressly disclaimed. The FHLBNY is not a financial or investment advisor.

Moreover, the FHLBNY does not represent or warrant that the content of these disclosures is accurate, complete or current for any specific or particular purpose or application. It is not intended to provide nor should anyone consider that it provides legal, accounting, tax or other advice. Such advice should only be rendered in reference to the particular facts and circumstances appropriate to each situation. The FHLBNY encourages you to contact appropriate professional(s) and consultant(s) to assess your specific needs and circumstances and to render such advice accordingly. In addition, the FHLBNY is not endorsing or recommending the use of the means or methods contained in or through these disclosures for any special or particular purpose.

It is solely your responsibility to evaluate the risks or merits of any funding or investment strategy. In no event will FHLBNY or any of its officers, directors or employees be liable for any damages — whether direct, indirect, special, general, consequential, for alleged lost profits, or otherwise – that might result from any use of or reliance on these materials.