News

I am pleased to announce that, on May 16, 2023, our Board of Directors approved a dividend for the first quarter of 2023 of 7.75% (annualized). The dividend proceeds will be distributed to FHLBNY member financial institutions on May 17, 2023...

The foundational purpose of the Federal Home Loan Bank System is to serve as a stable source of funding for our members. This critical liquidity mission drives everything we do at the FHLBNY. Over the past year, there has been debate regarding the role, relevance and scope of this mission. But the middle of March 2023 proved yet again that the Federal Home Loan Banks are essential to the stability of the U.S. financial system, as local lenders across the nation looked to their Home Loan Bank for ready and reliable liquidity in a volatile and challenging market...

For more than 90 years, the Federal Home Loan Banks have focused on executing on our liquidity mission, providing advances to members so that this much-needed funding flows through communities across the country. With the relatively more recent addition of the affordable housing component of our mission, this focus has expanded to putting part of the income we earn from our liquidity mission to work in support of affordable housing initiatives nationwide – to the tune of $7 billion in the System’s Affordable Housing Program grants over the past 30 years...

“The purpose and foundational mission of the Federal Home Loan Bank System was on full display in the first quarter of 2023,” said José R. González, president and CEO of the FHLBNY. “When the U.S. banking sector experienced temporary but widespread liquidity challenges in mid-March, the Federal Home Loan Banks quickly responded with significant funding support, reflecting the System’s ability to serve as a reliable source of liquidity for our members in even the most difficult operating environments. In providing members with liquidity in otherwise uncertain markets, the Federal Home Loan Banks play a key stabilizing role in the U.S. financial system in times of market stress...

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, 2022. The FHLBNY’s net income for 2022 was $417.4 million, an increase of $151.9 million, or 57.2%, from net income of $265.5 million for 2021. Net interest income for the year was $633.7 million, an increase of $93.1 million, or 17.2%, from $540.6 million for 2021...

New York, NY – The Federal Home Loan Bank of New York (FHLBNY) announced today the results of the 2022 election for three positions on the FHLBNY’s Board of Directors (Board) whose terms will each commence on January 1, 2023. The terms of all the positions will run for four years, expiring on December 31, 2026...

The Federal Housing Finance Agency (FHFA) in its community support regulation, 12 CFR Part 1290, requires that Federal Home Loan Bank members meet certain standards of community investment or service to maintain continued access to long-term (greater than one year) advances from the Federal Home Loan Banks...

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 the Manual detail 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)...

The Federal Home Loan Bank of New York is excited to announce that 1Link Advances transaction functionality will migrate to the 1Link-IPR system in December 2022. Following the migration, the 1Link-IPR system will be the only 1Link system available and supported...