May 15, 2020
Update to the Member Products Guide
The Federal Home Loan Bank of New York (FHLBNY) has updated its Member Products Guide (Guide). The Guide details the FHLBNY’s credit, and collateral standards and can assist you in finding helpful information on FHLBNY product and services matters (e.g. requirements for advance borrowings, eligible collateral types and service fee schedules).
The Guide can be found by signing on to 1Link® or 1Link IPR, our internet banking systems, and clicking on the ‘Manuals and Guides’ tab. The Guide is updated as needed throughout the year.
Changes to the Guide include:
Updates to the following sections effective as of May 2020
Qualifying Collateral for Non-Repurchase (Non-Repo) Advances: Inclusion of the Small Business Administration (SBA) Paycheck Protection Program (PPP) Loans (page 38).
Max Lendable Value: Inclusion to the Summary of Max Lendable Values chart; the SBA Paycheck and Protection Program (PPP) in the Loan Collateral Section (page 47).
If you have any questions about FHLBNY’s Guide, please contact your Relationship Manager
at (212) 441-6700, or the Member Service Desk at 1-800-546-5101 (option 1).
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FHFA Provides Guidance on PPP Loans
A Review of Housing Statistics at the End of 2019