Select Page

Press Releases

June 28, 2021

Contact: Brian Finnegan – (212) 441-6877

Federal Home Loan Bank of New York
Commences 2021 Board of Directors Election Process

— FHLBNY soliciting nominations for five Director seats —

New York, NY – The Federal Home Loan Bank of New York (FHLBNY) is now soliciting nominations for candidates to serve on its Board of Directors (Board) for terms commencing on January 1, 2022, the FHLBNY announced in an electronic communication sent to its members on June 28, 2021.

“The depth and diversity of our Board is one of the greatest strengths of the Federal Home Loan Bank of New York,” said José R. González, president and CEO of the FHLBNY. “The guidance our Board provides management has been especially beneficial over the past year and a half as our cooperative has continued to serve and support our members and communities throughout the pandemic. As the FHLBNY prepares to play a vital role in our region’s recovery, I encourage all of our members to participate in the election process.”

In total, five Directorships – one seat representing the FHLBNY’s New Jersey members, one seat representing the FHLBNY’s New York members, one seat representing the FHLBNY’s Puerto Rico and U.S. Virgin Islands members, and two Independent Directorships representing the whole District – are up for election in 2021.

The FHLBNY’s official Certificate of Nomination was included in the communication sent to eligible members on June 28, 2021. Eligible stockholders may, using the Certificate, nominate one person for the open Member Directorship in their region depending on whether the stockholder is based in New Jersey, New York or Puerto Rico & the U.S. Virgin Islands.

Separately, those individuals interested in being nominated for the two open Independent Directorships must first submit an Independent Director Application Form and a resume to the FHLBNY.

All electronic Certificates of Nomination must be submitted, and all emailed Independent Director Application Forms and resumes must be received by the FHLBNY, by 5:00 p.m. ET on July 29, 2021.

For more information on the election, including a copy of the Independent Director Application Form and a list of key election dates, see our Corporate Governance page.

Like the FHLBNY itself, the FHLBNY’s Board of Directors consists of a talented group of dedicated individuals that benefits from, among other things, demographic (including gender, racial and ethnic) diversity. As members consider diverse Member Director candidates to possibly nominate, the FHLBNY notes that officers at member institutions serving below the CEO level are eligible to serve on the FHLBNY’s Board. All stakeholders are invited to encourage diverse candidates not associated with member institutions to consider applying for the open Independent Director seats. Stakeholder participation in this year’s Director election process is greatly appreciated, and will help continue to keep the Board and the FHLBNY diverse – and strong.

Questions on the 2021 Director election process should be directed to Paul Friend, the FHLBNY’s General Counsel, at [email protected].

 

About the Federal Home Loan Bank of New York
The Federal Home Loan Bank of New York is a Congressionally chartered, wholesale Bank. It is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned banks. As of March 31, 2021, the FHLBNY serves 322 financial institutions in New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands. The Federal Home Loan Banks support the efforts of local members to help provide financing for America’s homebuyers.

# # #

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This report may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. These statements may use forward-looking terms, such as “projected,” “expects,” “may,” or their negatives or other variations on these terms. The Bank cautions that, by their nature, forward-looking statements involve risk or uncertainty and that actual results could differ materially from those expressed or implied in these forward-looking statements or could affect the extent to which a particular objective, projection, estimate, or prediction is realized. These forward-looking statements involve risks and uncertainties including, but not limited to, the Risk Factors set forth in our Annual Reports on Form 10-K and our Quarterly Reports on Form 10-Q filed with the SEC, as well as regulatory and accounting rule adjustments or requirements, changes in interest rates, changes in projected business volumes, changes in prepayment speeds on mortgage assets, the cost of our funding, changes in our membership profile, the withdrawal of one or more large members, competitive pressures, shifts in demand for our products, and general economic conditions. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to revise or update publicly any forward-looking statements for any reason.

07/29/2021

FHLBNY Announces Second Quarter 2021 Operating Highlights

06/28/2021

FHLBNY Commences 2021 Board Of Directors Election Process

04/28/2021

FHLBNY Announces First Quarter 2021 Operating Highlights

02/23/2021

FHLBNY Announces Fourth Quarter and Full-Year 2020 Operating Highlights

12/21/2020

FHLBNY 2021 Community Lending and Affordable Housing Plans

11/23/2020

FHLBNY Awards $36.9 Million for 46 Affordable Housing Initiatives

11/20/2020

Larry E. Thompson Re-Elected Vice Chairman of the FHLBNY (2020)

11/10/2020

FHLBNY Announces Results of 2020 Board of Director Elections

10/29/2020

FHLBNY Announces Third Quarter 2020 Operating Highlights

07/29/2020

FHLBNY Announces Second Quarter 2020 Operating Highlights

06/26/2020

FHLBNY Commences 2020 Board Of Directors Election Process

05/01/2020

Announcing COVID-19 Relief Program

04/28/2020

FHLBNY Announces First Quarter 2020 Operating Highlights

03/06/2020

$1 Billion in Disaster Relief Funding Available to FHLBNY Members

02/19/2020

FHLBNY Announces Fourth Quarter and Full-Year 2019 Operating Highlights

11/21/2019

John R. Buran Re-elected Chairman of FHLBNY

11/08/2019

FHLBNY Announces Results of 2019 Board of Director Elections

10/29/2019

FHLBNY Announces Third Quarter 2019 Operating Highlights

09/25/2019

FHLBNY Awards $45.8 Million for 45 Affordable Housing Initiatives

07/29/2019

FHLBNY Announces Second Quarter 2019 Operating Highlights

06/28/2019

FHLBNY Commences 2019 Board of Directors Election Process

04/29/2019

FHLBNY Announces First Quarter 2019 Operating Highlights

02/12/2019

FHLBNY Announces 50th Round of Affordable Housing Program and Modernized First-Time Homebuyer Program

02/08/2019

FHLBNY Announces Fourth Quarter and Full-Year 2018 Operating Highlights

12/06/2018

Stephen S. Romaine and Charles E. Kilbourne, III to Serve as Directors of the FHLBNY

11/19/2018

FHLBNY Awards $44.3 Million for 49 Affordable Housing Initiatives

11/16/2018

Larry E. Thompson Re-Elected Vice Chairman of the FHLBNY

11/08/2018

FHLBNY Announces Results of 2018 Board of Director Elections

10/29/2018

FHLBNY Announces Third Quarter 2018 Operating Highlights

07/26/2018

FHLBNY Announces Second Quarter 2018 Operating Highlights

06/29/2018

FHLBNY Commences 2018 Board of Directors Election Process

04/26/2018

FHLBNY Announces First Quarter 2018 Operating Highlights

02/21/2018

FHLBNY Announces Fourth Quarter 2017 Operating Highlights

12/21/2017

Larry E. Thompson Elected Vice Chairman of the FHLBNY

12/07/2017

FHLBNY Awards $36 Million for 42 Affordable Housing Initiatives

11/16/2017

John R. Buran Elected Chairman of FHLBNY

11/09/2017

FHLBNY Announces Results of 2017 Board of Director Elections

10/30/2017

FHLBNY Announces Third Quarter 2017 Operating Highlights

09/28/2017

FHLBNY Makes $1 Billion in Disaster Relief Funding Available

09/21/2017

Ángela Weyne to Serve As Independent Director of the FHLBNY

07/27/2017

FHLBNY Announces Second Quarter 2017 Operating Highlights

06/30/2017

FHLBNY Commences 2017 Board of Directors Election Process

04/26/2017

FHLBNY Announces First Quarter 2017 Operating Highlights

02/21/2017

FHLBNY Announces Fourth Quarter and Full-Year 2016 Operating Highlights

12/01/2016

FHLBNY Awards $34.5 Million for 42 Affordable Housing Initiatives

11/04/2016

FHLBNY Announces Results of 2016 Board of Director Elections

10/27/2016

FHLBNY Announces Third Quarter 2016 Operating Highlights

10/12/2016

FHLBNY Presents M&T Bank With Community Pillar Award

07/25/2016

FHLBNY Announces Second Quarter 2016 Operating Highlights

06/24/2016

FHLBNY Commences 2016 Board of Directors Election Process

04/27/2016

FHLBNY Announces First Quarter 2016 Operating Highlights

02/16/2016

FHLBNY Announces 4Q and Full-Year 2015 Operating Highlights

12/03/2015

FHLBNY Awards $27.1 Million for 35 Affordable Housing Initiatives

11/13/2015

FHLBNY Announces Results of 2015 Board of Director Elections

10/26/2015

FHLBNY Announces Third Quarter 2015 Operating Highlights

07/29/2015

FHLBNY Announces Second Quarter 2015 Operating Highlights

06/26/2015

FHLBNY Commences 2015 Board of Directors Election Process

05/07/2015

FHLBNY Awards a $1.2 Million Affordable Housing Grant in Clifton Springs

04/29/2015

FHLBNY Announces First Quarter 2015 Operating Highlights

04/07/2015

FHLBNY and MAX Exchange Announce Mortgage Exchange Platform Pilot

02/18/2015

FHLBNY Announces Fourth Quarter and Full-Year 2014 Operating Highlights

02/02/2015

FHLBNY Awards $22.1 Million for 28 Affordable Housing Initiatives

03/20/2014

José R. González Named President and Chief Executive Officer of the FHLBNY

Latest News

08/24/2021

Important Announcement for Community Lending Programs Users

07/29/2021

FHLBNY Announces Second Quarter 2021 Operating Highlights

06/28/2021

FHLBNY Commences 2021 Board Of Directors Election Process

12/11/2019

A Review of Housing Statistics at the End of 2019

11/05/2019

Five Ways to Manage Your Balance Sheet in a Volatile Rate Environment