Bulletins
January 25, 2024
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 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 on 1Link® in the ‘Manuals and Guides’ section. These documents are updated as needed throughout the year.
Changes to the Guide and Manual effective as of January 2024 include:
- Clarified fees related to:
- The removal of Correspondent Services Monthly Account Maintenance Fee of $50, for inactive Safekeeping Account maintenance, that was initially implemented in 2022.
- The reference in the Guide to the Membership Capital Stock Redemption Cancellation Fee, in accordance to the Amended and Restated Capital Plan of the Federal Home Loan Bank of New York.
If you have any questions about the FHLBNY’s Guide or Manual, please contact your Relationship Manager at (212) 441-6700, or the Member Services Desk at 1-800-546-5101 (option 1).
Thank you for your support.
Latest News
10/08/2024
Additional funding has been added to the 0% Development Advance (ZDA) Program
09/12/2024
Report from the President: Remembering FHLBNY Director Danelle M. Barrett
08/15/2024
Dividend Announcement 2Q24: FHLBNY Declares a 9.50% Dividend for the Second Quarter of 2024
07/29/2024
FHLBNY Announces $5 Million in Small Business Grant Funding
07/25/2024
FHLBNY Announces Second Quarter 2024 Operating Highlights