December 3, 2021
Updates to the 2022 Fee Schedules
Effective January 3, 2022, the Federal Home Loan Bank of New York (“FHLBNY”) will implement the following fee changes to the 2022 Credit, Collateral and Correspondent Services:
Credit Services Fees
Increase in the minimum fee for Letters of Credit (“LOC”) from $100 to $200
Correspondent Services Fees
The following Safekeeping fees have changed:
- Confirmation Letters for Municipalities Fees – from $25 to $35 a letter
- Fax/E-mail submitted Trading Fees:
- Monthly Account Maintenance Fees:
- Per Item Maintenance fees:
- Principal and Interest Payments (including coupons) – from $5.00 to $5.50 per transaction
- Collateral Pledge/Pledge Removal Fees:
— Book Entry Trades from $30 to $40 per transaction
— Physical Trades from $45 to $55 per transaction
— CEDEL / Euroclear Trades from $55 to $75 per transaction
NOTE: There is no change to 1LinkSK Self Serviced trades
— Removal of the monthly maintenance fee for members with active Safekeeping accounts
— Increased monthly maintenance fee for members with inactive Safekeeping accounts – from $25 to $50 per month
— Physical securities from $5.50 to $6.00 per month
— Book-entry securities from $3.00 to $3.50 per month
— Fax/Email submitted transactions from $5 to $10 per transaction
NOTE: There is no change to 1LinkSK Self Serviced Collateral Pledges/Pledge Removals
Settlement Service Fees have changed to include a minimum monthly fee of $100 with an additional $0.50 per transaction fee over 100 transactions (capped at 1,000 transactions).
All other fees remain unchanged.
If you have any questions about the FHLBNY’s fees please contact your Relationship Manager at (212) 441-6700 or the Member Services Desk at (800) 546-5101, option 1.
You can access the Fee Schedules by signing on to 1Link® and clicking on the ‘Manuals and Guides’ tab.
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