Select Page

Bulletins

Bulletin 20

Update to the Putable Advance Modification Program

The Federal Home Loan Bank of New York is pleased to announce that the Putable Advance Modification Program has expanded: previously modified Putable Advances can now be re-modified into either a new Putable or a new Fixed-Rate Advance.

Eligible Advances under the expansion of the Modification Program are subject to the same guidelines and controls of the existing program. In addition, Advances being re-modified must have a maturity and effective duration greater than or equal to the original Advance. Other provisions may apply.

If you would like more information on the Modification Program or would like to see if there are Advances in your portfolio that qualify, please contact your Relationship Manager at (212) 441-6700

Latest News

07/02/2020

Report from the President: A Vital Conversation

06/26/2020

FHLBNY Commences 2020 Board Of Directors Election Process

06/01/2020

Enhancements to the Refundable MULOC Product

12/11/2019

A Review of Housing Statistics at the End of 2019

11/05/2019

Five Ways to Manage Your Balance Sheet in a Volatile Rate Environment