President’s Reports

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.

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.

Press Releases

December 22, 2025

FHLBNY Made More Than $150 Million Available To Support Affordable Housing and Community Development Initiatives in 2025

New York, NY – The Federal Home Loan Bank of New York (“FHLBNY”) made a record $150.4 million in funding support available for affordable housing and community development efforts through a variety of targeted products and programs throughout 2025.  These efforts help address housing affordability, create additional housing supply, and support local small businesses.  The funding for these efforts is allocated directly from the FHLBNY’s earnings and includes the following

December 18, 2025

FHLBNY Invests $225 Million To Support Affordable Housing Supply in New York City

New York, NY – The Federal Home Loan Bank of New York (“FHLBNY”) announced a $225 million investment in a New York City Housing Development Corporation (“HDC”) bond issuance that will help create, rehabilitate or preserve 6,320 units of affordable housing across an array of HDC’s housing programs.  The FHLBNY and the HDC partnered earlier in the year on a $150 million bond purchase in June 2025 in support of more than 2,250 homes across HDC programs.  Across a partnership that spans 25 years, the FHLBNY has invested a total of $1.66 billion in HDC bonds that have supported the creation or preservation of 70,000 homes, helping to ensure the long-term stability and affordability of existing public and affordable housing throughout New York City.

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. 

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.