January 20, 2023
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 January 2023 include:
- Summary of Max Lendable Values reflect recent margin adjustments for Residential 1st lien loans for Non-depository Institutions and U.S. Treasury Bonds and Agency MBS, Notes and Bonds for Insurance Company members (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.
Report from the President: Focusing on the Future
FHLBNY Announces Results of 2023 Board of Director Elections
Coming Soon: The 2023 Small Business Recovery Grant Program
Enhancements to the Refundable Municipal Letter of Credit for Members Participating in the New Jersey Department of Banking and Insurance GUDPA Program
1Link® Migration: Phase I – Interim Access Portal