Updates to the 2016 Fee Schedules
Due to the successful adoption of 1LinkSK® Self Service by a majority of our Members, the Federal Home Loan Bank of New York (“FHLBNY”) is striving towards full Member participation in 1LinkSK® by year end. We will continue to offer the current discounted fees for 1LinkSK® Self Service Online transactions. However, effective April 1, 2016, FHLBNY is implementing a $5 increase to their Safekeeping Services fees for Purchases / Sales submitted by Fax/E-mail (require manual processing):
Updated Fees for Purchases / Sales by Fax / E-mail:
Book Entry (FED/DTC): $25 per transaction
All Physicals: $40 per transaction
We anticipate additional fee changes for trades submitted via Fax/E-Mail in the third quarter of 2016. Details will be communicated later this year. To avoid being assessed the higher trade fees related to Fax/E-Mail trades, please contact Custody and Pledging Services (“CPS”) (800) 546-5101 for assistance to begin to utilize 1LinkSK® for all of your Safekeeping needs. CPS staff is ready to assist your institution to making 1LinkSK® the main Safekeeping portal for your institution.
If you have any questions about the FHLBNY’s Safekeeping fees, please contact your Relationship Manager at (212) 441-6700. You can access the Fee Schedules by signing on to 1Link®, our internet banking system and clicking on the ‘Manuals and Guides’.
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