2023 FHLBNY Board Elections Are Underway

On October 16, 2023, the 2023 Federal Home Loan Bank of New York (FHLBNY) Director Election ballot package was distributed electronically to eligible FHLBNY members. Your vote is very important, so we ask that you take the time to review the package and promptly return your ballot to the FHLBNY.

Please note as follows:

All eligible FHLBNY members, regardless of their location, will be able to vote to fill two Independent Director seats. Please keep in mind that the two Independent Director candidates must each receive at least 20 percent of the eligible votes in order to be elected.
Eligible New York members will have the opportunity to vote to fill two open Member Director seats.

All electronic ballot submissions must be received by no later than 5:00 p.m. Eastern Time on Monday, November 20, 2023.

Your ballot package contains detailed information about the process. Please refer any election questions you may have to Paul Friend, the FHLBNY’s General Counsel, at GeneralCounsel@fhlbny.com or (212) 441-6822.

Thank you.

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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.