Welcome to FHLBNY Financial Intelligence Library! 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.

Member Services Desk (MSD) Weekly Market Update

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The Member Services Desk (MSD) Weekly Market Update was developed in response to member feedback and strives to deliver timely, relevant insights that support member business objectives. Each Friday, the update provides an overview of current market trends and key developments.
Member Services Desk Weekly Market Update background with abstract financial graphs and charts
October 2, 2026

MSD Weekly Market Update: Week Ending October 02, 2026

Economic data this past week generally portrayed activity and growth to be “holding up,” with consumer spending being underpinned by the wealth effect on well-off population cohorts and by lower personal savings rates. Meanwhile, elevated price pressures remain stubborn. Fedspeak was on the mildly hawkish side this past week, as another rate hike remains a distinct possibility for this year. The monthly jobs report, to be released just prior to this edition hitting inboxes, may spark some market movement and will conclude the week’s data blizzard. The week ahead is light on economic data but offers a handful of Fed speakers. Also, the release of last month’s FOMC Minutes should reveal insights on the Fed’s rate-hike decision and the potential path forward...

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Presenter Frank Farone, Darling Consulting Group
Tune in for a thought-provoking discussion with Frank Farone, Managing Director at Darling Consulting Group, on how community financial institutions can evaluate the true cost of funds, challenge common misconceptions about wholesale funding, and develop a more effective approach to liquidity, profitability, and balance sheet management...

Financial Intelligence
After years of anticipating a return to lower interest rates, many financial institutions have come to recognize that rates may remain elevated for longer than originally expected. While a higher-for-longer environment presents challenges—including deposit competition, funding pressures, slower loan demand, and margin compression—it also creates opportunities for well-positioned institutions to enhance earnings, strengthen liquidity, and support strategic growth...

Photo - Frank Farone 2025
Back by popular demand, Frank Farone, Managing Director of Darling Consulting Group, returns to join us once again for an informative session focused on Liquidity and Asset/Liability Management. Frank will address key challenges and provide actionable strategies to help FHLBNY members stay resilient and take advantage of the new rate environment now and in the months/years to come.

What goes up must come down
We are now experiencing a “higher for longer” phase in the interest-rate cycle, accompanied by an inversion in the short-to medium terms followed by a steepening (see following chart). The Fed is still in a restrictive posture, but market expectations indicate a near-term easing, however, uncertainty surrounding the potential of future heightened growth leading to elevated inflation is causing steepening at the longer-end of the curve…

2025 Kristina Hooper Webinar
Inflation has cooled substantially in most major economies, with no significant downturn in global growth. And it appears that the long-anticipated “soft landing” has arrived, so what happens next? Back by popular demand, Kristina Hooper, Chief Global Market Strategist at Invesco, discusses her 2025 Investment Outlook.

2023 Kristina Hooper Webinar
Kristina Hooper 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…

Liquidity challenges FI
We are delighted to host our first informative session of 2023. This webinar will address current and upcoming liquidity challenges in our industry and what credit unions should consider doing to develop a “best practice” approach to liquidity management. Deposits are down, cash levels are shrinking, and wholesale funding is on the rise…

The NEV Test FI
In this webinar for Credit Unions, Frank Farone, Managing Director at Darling Consulting Group, addresses the recent operating environment and what that means for the Net Economic Value (NEV) Supervisory Test…

FI Image Rate Cycle
With economic activity expanding at an above-trend pace and consumer prices climbing at the fastest pace in four decades, we are entering a new phase of the interest-rate cycle with the Federal Reserve shifting to a less- accommodative monetary policy stance…

Advance Rebate
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…

Year End FI Image
In case you were unable to view the live webinar on December 9, 2021—Your Trusted Partner Through All Operating Environments: A Fireside Chat with José R. González, President and CEO, Presented by FHLBNY…

Interest Rate Swap
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…

Creating a High Performing ALCO: Making the Complex, Simple!
Join Darling Consulting Group Managing Director, Frank Farone, for this timely and strategically focused webinar. This session will provide a roadmap to create a highly efficient asset-liability management…

The Value of Loan Pricing thumbnail scaled
FHLBNY Municipal Letter of Credit (MULOC) product allows qualified depository institution members to collateralize municipal deposits with a low-cost letter of credit secured by whole-loan…

Crisis Regulation and Tech
In this one-hour session, Professor Thomas P. Vartanian will discuss his new book, 200 Years of American Financial Panics: Crashes, Recessions, Depressions, And The Technology That Will Change It All, and synthesize the history and causes of…

Evolution of Payments
After a long period of gradual advancements, we see an accelerated pace of change and innovation across the payment space. The financial services industry will undoubtedly have to adapt quickly to these coming changes. In this one-hour session…

ESG and Climate Risk
There is an increased focus on Environment, Social, and Governance (ESG) factors for financial institutions, and opportunities for your organization to reap the benefits of acting in the long term. This presentation will provide participants with an introduction to ESG concepts…

The Evolution of CDFIs and Their Growing Partnership Opportunity with the FHLBNY
A discussion about the growing partnership between CDFIs and the Federal Home Loan Bank of New York. Our special guest presenter, Clifford Rosenthal, has served in the CDFI movement’s leadership…

LIBOR Transition: Fourth Quarter or Overtime?
The transition away from LIBOR has been years in the making. This year was to be the Fourth Quarter with the end of LIBOR targeted to be December 31, 2021. Recently, the Official Sector confirmed…

Sidebar
The COVID-19 pandemic has made it even more clear that community financial institutions matter. It has also highlighted an open secret – outdated technology is holding back the industry, and banks…

Webinar SOFR
In this webinar, Rei Shinozuka summarized the history of the London Interbank Offered Rate (LIBOR), and why U.S. dollar rates are transitioning to the Secured Overnight Financing Rate (SOFR)…

Webinar Side
In this virtual event series, the webinar is a moderated discussion which addresses the current health crisis and its significant impacts on the balance sheets of our members….

Putable Advance
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 puttable advances into new fixed-rate advance structures…

Podcast feature
In these final episodes of “The Great Transition: LIBOR-SOFR” podcast series, we focus on the various uses of LIBOR in the marketplace as well as what our regulators are doing to help facilitate the transition…

Podcast feature
In episode 3, “Jumping on the SOFR Bandwagon,” we discuss the differences between LIBOR and SOFR-indexed instruments as well as how to leverage the potential benefits of SOFR for your institution…

Podcast feature
The FHLBNY is pleased to present our new podcast series, “The Great Transition: LIBOR-SOFR.” In episode 1, we take a deep dive into the history behind the London Inter-bank Offered Rate (LIBOR) and what you can expect as the industry transitions to SOFR…

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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…

Economic Perspectives Recession
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…

Callable Advance You Have The Power
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)…

Positioning 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…

LIBORs 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…

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.

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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.

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