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September 28, 2022

Update to the Member Products Guide & Correspondent Services Manual

The Federal Home Loan Bank of New York (“FHLBNY”) has updated its Member Products Guide (“Guide”) and the Correspondent Services Manual (“Manual”). The Guide and the Manual detail the FHLBNY’s credit, collateral and correspondent services standards and can assist you in finding helpful information on the FHLBNY’s product and service matters (e.g. requirements for advance borrowings, eligible collateral types and service fee schedules).

Both documents can be found by signing on to 1Link®, and clicking on the ‘Manuals and Guides’ tab. These documents are updated as needed throughout the year.

Changes to the Guide effective as of September 2022 include:

• Haircut updates for Insurance Companies and U.S. Treasury Bonds (see page 45)
• Additional conforming changes

The Manual was reviewed and any changes contained within are considered conforming in nature.

If you have any questions about the FHLBNY’s Guide or Manual, please contact your Relationship Manager at (212) 441-6700, or the Member Service Desk at 1-800-546-5101 (option 1).

Thank you for your support.