Wire Transfers Migration to 1Link-IPR

The Federal Home Loan Bank of New York is excited to announce the upcoming launch of wire transfers on 1Link-IPR. Coming in May 2022, wire transfer functionality and user permissions will migrate onto 1Link-IPR, where member users will be able to perform all wire transfer transactions, and access reporting and balances within a single interface. The FHLBNY is also pleased to offer additional enhancements for wire transfer users including:

Easy access to “KEY” information on a ‘Dashboard’:
- Upfront view of account balances, transaction status (pending and recent), and repetitive payment templates
- Ability to view and take action on wire transfers pending approval
Streamlined workflow and redesigned screens to enhance the user experience and improve member efficiency, such as:
- Access to view and transact on all accounts associated with your organization
- ‘Reports’ tab has been enhanced to display all of your organization’s reports (i.e., payment, custom, special, and standard reports)
- New wire transfer “Approver-View” dashboard to quickly view and access wire transfers pending approval
- Optimized wire transfer templates that include third parties that combine both payment types (Fedwire and Bookwire) into a single form that allows a member user to dynamically enter and look up key information from the convenience of the wire transfer template screen

Further communications on the upcoming action steps required for wire transfer users will be forthcoming. If you have any questions, please contact the 1Link Helpdesk at (800) 546-5101, and after the prompt, press 1.

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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.