Updates to the 2022 Fee Schedules

Effective January 3, 2022, the Federal Home Loan Bank of New York (“FHLBNY”) will implement the following fee changes to the 2022 Credit, Collateral and Correspondent Services:

Credit Services Fees

Increase in the minimum fee for Letters of Credit (“LOC”) from $100 to $200

Correspondent Services Fees

The following Safekeeping fees have changed:

— Book Entry Trades from $30 to $40 per transaction

— Physical Trades from $45 to $55 per transaction

— CEDEL / Euroclear Trades from $55 to $75 per transaction

NOTE: There is no change to 1LinkSK Self Serviced trades

— Removal of the monthly maintenance fee for members with active Safekeeping accounts

— Increased monthly maintenance fee for members with inactive Safekeeping accounts – from $25 to $50 per month

— Physical securities from $5.50 to $6.00 per month

— Book-entry securities from $3.00 to $3.50 per month

— Fax/Email submitted transactions from $5 to $10 per transaction

NOTE: There is no change to 1LinkSK Self Serviced Collateral Pledges/Pledge Removals

Confirmation Letters for Municipalities Fees – from $25 to $35 a letter
Fax/E-mail submitted Trading Fees:
Monthly Account Maintenance Fees:
Per Item Maintenance fees:
Principal and Interest Payments (including coupons) – from $5.00 to $5.50 per transaction
Collateral Pledge/Pledge Removal Fees:

Settlement Service Fees have changed to include a minimum monthly fee of $100 with an additional $0.50 per transaction fee over 100 transactions (capped at 1,000 transactions).

All other fees remain unchanged.

If you have any questions about the FHLBNY’s fees please contact your Relationship Manager at (212) 441-6700 or the Member Services Desk at (800) 546-5101, option 1.

You can access the Fee Schedules by signing on to 1Link® and clicking on the ‘Manuals and Guides’ tab.

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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.