President’s Reports

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.

October 15, 2025

Report from the President: At the Center of Our Mission, Our Members and the Market

Over the course of our 93-year history, the Federal Home Loan Bank System has changed in many ways, from the expansion of our membership to the creation of additional ways to support housing, including the Affordable Housing Program (AHP) and our Mortgage Asset Program (MAP®).  But all of this growth and change is built upon and stems from our unwavering commitment to our foundational liquidity mission.

September 11, 2025

Report from the President: A Record Level of Support for Housing Affordability

Our foundational mission is to provide a stable source of funding for our members – the local lenders that utilize this consistent access to our liquidity to bolster their ability to make the loans that support small businesses, drive job growth, open the doors to homeownership and strengthen the communities they serve.

Press Releases

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...

September 18, 2025

Christopher Martin Elected Chair of Federal Home Loan Bank of New York

New York, NY – The Federal Home Loan Bank of New York (“FHLBNY”) announced today that Christopher Martin has been elected by its Board of Directors (“Board”) to serve as Board chair for a two-year term that will commence on January 1, 2026.  Mr. Martin, who is executive chairman of Provident Financial Services, Inc. and Provident Bank, has served on the FHLBNY’s Board as a Member Director since January 1, 2015.  He currently serves as the chair of the Board’s Corporate Governance and External Affairs Committee and as a member of its Executive, Compensation & Human Resources, and Strategy and Business committees.  

September 16, 2025

FHLBNY Announces $5 Million In Small Business Grant Funding

New York, NY –The Federal Home Loan Bank of New York (“FHLBNY”) has launched the 2025 Round of its Small Business Recovery Grant (“SBRG”) Program with $5 million in grant funding available to local small businesses, farms and non-profits through the FHLBNY’s members. “Small businesses are not only part of the fabric of the communities they serve, but essential to economic growth at the local level,” said Randolph C. Snook, president and CEO of the FHLBNY. “Our Small Business Recovery Grant Program positions the FHLBNY to join with our members to provide critical support that keeps these institutions thriving and driving their communities forward.”

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.