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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.

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FHLBNY Affordable Housing Advisory Council Open Nomination Period

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An Enhancement to our Callable Adjustable Rate Credit Advance (Callable ARC)

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Important Announcement Regarding the Upcoming FHLBNY Homepage Update

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FHLBNY CICA Disaster Relief Funding Update

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Enhancements to the Refundable Municipal Letter of Credit for Members Participating in the New Jersey Department of Banking and Insurance GUDPA Program

03/01/2021

Notice of FHLB Members Selected For Community Review (Effective March 1, 2021)

02/10/2021

FHLBNY Capital Stock Purchase Requirement for Letters of Credit (Effective March 1, 2021)

02/10/2021

2021 Update to MPG & CSM: Member Products Guide and the Correspondent Services Manual

12/03/2020

2020 Update to MPG & CSM: Member Products Guide and the Correspondent Services Manual

09/02/2020

Amendments to the FHLBNY Capital Plan (Effective October 2, 2020)

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FHLBNY CICA Disaster Relief Funding: Eligibility Expansion

05/15/2020

Update to the Member Products Guide

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Enhancements to the Refundable MULOC Product

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FHFA Provides Guidance on PPP Loans

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1Link® Migration: Phase I - Interim Portal Roll-out

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1Link® Migration: Phase I – Interim Access Portal

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Announcing the Callable Adjustable Rate Credit Advance Pilot Program

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FHLBank System Regulator Provides LIBOR Transition Guidance

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SOFR ARC: FHLBNY is pleased to announce the expansion of the SOFR-Linked ARC Advance Program

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Notice of Federal Home Loan Bank Members Selected For Community Review (March 26, 2019)

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2019 Update to MPG & CSM: Member Products Guide and the Correspondent Services Manual

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