President’s Reports

March 12, 2026

Report from the President: The Fundamental Importance of Our Role

In recent months, a series of independent reports and studies have found what the Federal Home Loan Banks and our members have long known: that FHLBank funding leads to increased local lending activity, broad financial stability and a stronger nationwide network of neighborhood lenders..

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. 

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.