President’s Reports

February 5, 2026

Report from the President: Recognizing Our Value

On January 14, the Urban Institute released the second study in its three-part series on the Federal Home Loan Bank System, The Value of the FHLBank System to Promote Housing and Community Development Lending, with this latest piece focused on how our liquidity drives increased lending activity across the country. 

January 12, 2026

Report from the President: A Continuing Impact

As we closed out the final transactions on December 31, our Member Services Desk reported that the Federal Home Loan Bank of New York closed 2025 with an advances portfolio of $92.5 billion – the funding our members borrow from us to support their lending activities across our region. Throughout 2025, reliable access to our liquidity has supported these local lenders as they make the loans that create new housing supply, support businesses small and large, and help households achieve the dream of homeownership. The impact of the daily availability of our funding was seen across 2025, as it has been across the entire history of the Federal Home Loan Bank System. As we begin 2026, we are well-positioned to continue this impact, in partnership with our members.

Press Releases

February 9, 2026

FHLBNY Opens 2026 Affordable Housing Program and Homebuyer Dream Program Rounds with $93.8 Million in Available Grant Funding

New York, NY — The Federal Home Loan Bank of New York (“FHLBNY”) announced today that $93.8 million in housing grant funds is now available through the 2026 rounds of its Affordable Housing Program (“AHP”) and Homebuyer Dream Program®.  The funding for these programs, which help address housing affordability, create additional housing supply and create homeownership opportunities, are allocated directly from the FHLBNY’s earnings.

Bulletins

January 30, 2026

2026 Update to the Member Products Guide

The Federal Home Loan Bank of New York (FHLBNY) has updated its Member Products Guide (Guide). The Guide details the FHLBNY’s credit, collateral and correspondent services standards and can assist you in finding helpful information on the FHLBNY’s product and service matters (e.g., requirements for advance borrowings, eligible collateral types and service fee schedules)…

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.