Bulletins

Bulletin 19

Update to Collateral Eligibility Requirements for All Member Financial Institutions

The Federal Home Loan Bank of New York (FHLBNY) is pleased to announce a change to our collateral eligibility requirements for all member financial institutions.

The FHLBNY will accept split-rated, private label commercial mortgage backed securities (PL CMBS) as collateral to secure all extensions of credit. Previously, the FHLBNY’s eligibility criteria for PL CMBS collateral required a minimum “AAA” rating across all nationally recognized statistical rating organizations (NRSROs).

Eligible split-rated PL CMBS must carry at least one “AAA” rating and a minimum rating of any form of “AA” (i.e., AA+/-). The FHLBNY acknowledges ratings from Fitch, Moody’s, Standard & Poors, DBRS, Morningstar and Kroll. Additionally, split-rated PL CMBS will be subject to a pipeline delinquency screen and must carry a readily ascertainable price.

If you would like more information on PL CMBS eligibility or to learn more about pledging these types of securities, please visit the collateral guide or contact a Relationship Manager at (212) 441-6700.

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03/06/2025	Amendments to the FHLBNY Capital Plan (Effective April 7, 2025)
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10/08/2024	Additional funding has been added to the 0% Development Advance (ZDA) Program
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03/21/2024	2024 Update to the Member Products Guide (March 2024)
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09/11/2023	Introducing a New URL to Access Your FHLBNY Systems
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06/30/2023	2023 Update to the Member Products Guide
06/05/2023	Coming Soon: Expansion of Our 0% Advance Offerings
02/22/2023	Notice of FHLB Members Selected For Community Review (Effective February 23, 2023)
01/20/2023	2023 Update to the Member Products Guide & Correspondent Services Manual
11/16/2022	Prepare for the 1Link Migration in December 2022
09/28/2022	2022 Update to MPG & CSM: Member Products Guide & Correspondent Services Manual
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07/05/2022	FHLBNY Affordable Housing Advisory Council Open Nomination Period
06/24/2022	Amendment to the FHLBNY Capital Plan Appendix Effective August 1, 2022
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01/24/2022	FHLBNY Announces Enhancements to the Rebate Program for Advances
01/03/2022	2022 Update to MPG & CSM: Member Products Guide and the Correspondent Services Manual
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07/28/2021	An Enhancement to our Callable Adjustable Rate Credit Advance (Callable ARC)
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07/02/2021	FHLBNY CICA Disaster Relief Funding Update
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03/01/2021	Notice of FHLB Members Selected For Community Review (Effective March 1, 2021)
02/10/2021	FHLBNY Capital Stock Purchase Requirement for Letters of Credit (Effective March 1, 2021)
02/10/2021	2021 Update to MPG & CSM: Member Products Guide and the Correspondent Services Manual
12/03/2020	2020 Update to MPG & CSM: Member Products Guide and the Correspondent Services Manual
09/02/2020	Amendments to the FHLBNY Capital Plan (Effective October 2, 2020)
07/30/2020	FHLBNY CICA Disaster Relief Funding: Eligibility Expansion
05/15/2020	Update to the Member Products Guide
06/01/2020	Enhancements to the Refundable MULOC Product
04/23/2020	FHFA Provides Guidance on PPP Loans
01/03/2020	1Link® Migration: Phase I - Interim Portal Roll-out
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Bulletins

Update to Collateral Eligibility Requirements for All Member Financial Institutions

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