President’s Reports

December 15, 2025

Report from the President: Giving Voice to the Silent Stabilizer

Earlier this year, the Federal Home Loan Bank System was described as “the silent stabilizer of the banking system”. This description captures us well: by executing on our foundational liquidity mission, the FHLBanks do play a stabilizing role in our country’s financial markets. And while we may be the silent stabilizer, a recent study by the Urban Institute – The Value of the FHLBank System to Bank Liquidity and Stability – speaks volumes.

November 10, 2025

Report from the President: FHLBNY Announces Third Quarter Operating Highlights

At the Federal Home Loan Bank of New York, we are always focused on delivering on our foundational mission to provide liquidity and support housing finance. Our funding plays a crucial role in supporting economic development in communities across our region, just as FHLBank funding does in markets across the country – helping our members support their customers and providing broad financial stability in all market conditions.

Press Releases

November 21, 2025

Stephen S. Romaine Elected Vice Chair of FHLBNY

New York, NY – The Federal Home Loan Bank of New York (“FHLBNY”) announced today that Stephen S. Romaine has been elected by its Board of Directors (“Board”) to serve as Board vice chair for a two-year term that will commence on January 1, 2026.  Mr. Romaine, who is chair and CEO of Tompkins Community Bank, has served on the FHLBNY’s Board as a Member Director since January 1, 2019.  He currently serves as the chair of the Board’s Strategy & Business Committee and as a member of its Corporate Governance and External Affairs and Risk committees. 

November 19, 2025

FHLBNY Announces Results of 2025 Board of Directors Elections

New York, NY – The Federal Home Loan Bank of New York (“FHLBNY”) announced today the results of the 2025 election for three positions on the FHLBNY’s Board of Directors (“Board”) whose terms will each commence on January 1, 2026. The terms of all the positions will run for four years, expiring on December 31, 2029.

October 23, 2025

FHLBNY Announces Third Quarter 2025 Operating Highlights

New York, NY – The Federal Home Loan Bank of New York (“FHLBNY”) today released its unaudited financial highlights for the quarter ended September 30, 2025. “Throughout 2025, the Federal Home Loan Bank of New York has continued to meet our members’ needs, providing on-demand funding to help them better serve their customers and communities,” said Randolph C. Snook, president and CEO of the FHLBNY. “The certainty of our funding is at the center of our foundational liquidity mission, and we remain focused on delivering on this mission every day...

Bulletins

October 16, 2025

Change in Letters of Credit (LOC) Fulfillment Period

Effective November 3, 2025, if a default occurs and a LOC draw certificate is submitted, the FHLBNY will disburse payment no later than the close of business on the next business day following its receipt of the draw certificate. Previously, payments were made the same day if the LOC draw certificate was submitted before 11:00 a.m.; otherwise, payment was processed the next business day. This modification only applies to LOCs issued on or after November 3, 2025.

August 26, 2025

Update to Community Lending Program (CLP) Advances

The Federal Home Loan Bank of New York (FHLBNY) is updating the tenor maximum for CLP advances. Previously, the CLP advance tenors were restricted to one (1) to five (5) years. Effective September 2, 2025, CLP advances will now have a maximum tenor of ten (10) years. There is no change to the CLP tenor minimum.