August 23, 2023
Price Incentives for Advances Executed Before Noon
Starting Tuesday, September 5, 2023
We are pleased to announce that beginning Tuesday, September 5, 2023, the Federal Home Loan Bank of New York (FHLBNY) will introduce price incentives for advances executed before Noon each business day. These pricing incentives offer an opportunity to provide economic value to our Members, while improving cash and liquidity management for the FHLBNY. The pricing incentives are as follows:
Non-Repo Advances (Whole Loan Collateral) – Trades Before Noon ET:
- 3 basis points reduction for Advances up to and including 3 months
- 2 basis points reduction for Advances over 3 months up to and including 6 months
- 1 basis point reduction for Advances over 6 months up to and including 1 year
Repo Advances (Investment Security Collateral) – Trades Before Noon ET:
- 1 basis point reduction for Advances from 2 days up to and including 1 year
Please note that all Forward Starting Advances, as well as Community Lending Program and Disaster Relief Funding Advances, are excluded from the pricing incentives.
Price incentives will be available for transactions completed through 1Link® as well as with our Member Services Desk representatives. The price reduction will be given off the market rate at the time of the transaction completed before Noon ET. All transactions completed after Noon ET will not receive the price incentive.
The FHLBNY is continually seeking opportunities to provide additional value to our Members. The pricing incentives will be evaluated periodically, along with other value distribution opportunities for our Members. If you have any questions, please feel free to contact your Relationship Manager at
212-441-6700 or the Member Services Desk at 800-546-5101, option 1. As always, the FHLBNY stands ready to support our Members and provide liquidity in all market conditions. We value your membership and look forward to supporting our business relationship.
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