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President’s Reports

03/05/2024
On February 15, 2024, the House Financial Services Committee’s Subcommittee on Financial Institutions and Monetary Policy held a hearing entitled Lender of Last Resort: Issues with the Fed Discount Window and Emergency Lending to consider potential legislative changes to the distribution of emergency liquidity in times of market stress...
02/15/2024
I am pleased to announce that, on February 15, 2024, our Board of Directors approved a dividend for the fourth quarter of 2023 of 9.75% (annualized). The dividend proceeds will be distributed to FHLBNY member financial institutions on February 16, 2024...
01/09/2024
Each year, January is a time to focus on resolutions – the actions and changes we plan to make to become a better version of ourselves in the year ahead. In 2024, this takes on a particular meaning for the Federal Home Loan Banks on the heels of the November 2023 release of the Federal Housing Finance Agency’s FHLBank System at 100: Focusing on the Future report, which contains a number of recommendations that have the potential to enhance the positive impact that the Federal Home Loan Bank System makes for our members, the communities we serve, and broader financial stability...

Press Releases

02/21/2024
New York, New York — The Federal Home Loan Bank of New York (FHLBNY) today released its unaudited financial highlights for the quarter and year ended December 31, 2023. The FHLBNY’s net income for 2023 was $751.1 million, an increase of $333.7 million, or 80.0%, from net income of $417.4 million for 2022. Net interest income for the year was $995.3 million, an increase of $361.6 million, or 57.1%, from $633.7 million for 2022...
11/27/2023
The Federal Home Loan Bank of New York (“FHLBNY”) announced today the results of the 2023 election for four positions on the FHLBNY’s Board of Directors (“Board”) whose terms will each commence on January 1, 2024. The terms of all the positions will run for four years, expiring on December 31, 2027...
11/16/2023
New York, NY – The Federal Home Loan Bank of New York (“FHLBNY”) announced today that Larry E. Thompson 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, 2024. Mr. Thompson, who is the former vice chairman of The Depository Trust & Clearing Corporation, has served on the FHLBNY’s Board as a Member Director representing the interests of the FHLBNY’s members since January 1, 2014...

Bulletins

01/25/2024
The Federal Home Loan Bank of New York (“FHLBNY”) has updated its Member Products Guide (“Guide”) and the Correspondent Services Manual (“Manual”). The Guide and Manual detail the FHLBNY’s credit, collateral and correspondent services...
01/02/2024
The Federal Home Loan Bank of New York (FHLBNY) is excited to announce a new first-time homebuyer program for our members in 2024 – the Homebuyer Dream Program® Plus (HDP® Plus). This new program was created to further our efforts to increase access to homeownership for households in our District, and is a complementary program to our existing annual Homebuyer Dream Program® Round...
10/30/2023
The Federal Home Loan Bank of New York (FHLBNY) is pleased to announce that we will be offering $5 million in grant funding under the 2023 Small Business Recovery Grant (SBRG) Program in November. The SBRG Program provides grant funds to benefit FHLBNY members’ small business and non-profit customers. This year, the FHLBNY simplified the eligibility criteria and submission process to ensure rapid deployment of funds to eligible recipients...