Notice of FHLB Members Selected For Community Review (Effective February 20, 2025)

In accordance with the Federal Housing Finance Agency’s (FHFA) Community Support Requirements regulation, 12 CFR Part 1290, all Federal Home Loan Bank member institutions must meet certain standards of community investment or service, in order to maintain continued access to Federal Home Loan Bank (FHLBank) community investment programs and to long-term (greater than one year) FHLBank advances. The regulation stipulates that each member subject to community support review is required to submit a Community Support Statement to the FHFA every odd-numbered year.

2025 FHLBNY Members Selected For Community Review

At the request of the FHFA, members of the public may submit their comments, both positive and/or critical, concerning member community support programs or activities and the performance of FHLBank member institutions in meeting the credit needs of their communities. The public comment period for the 2025 Community Support Review will begin on February 20, 2025 and will end on March 24, 2025. During this period, members of the public who wish to submit comments may send them directly to the FHFA by emailing them to hmgcommunitysupportprogram@fhfa.gov.

Following the close of the public comment period, FHLBank members are required to submit their completed Community Support Statements to the FHFA via the online Community Support Review portal, beginning on April 1, 2025, until the established deadline of October 31, 2025.

If you have any questions about the 2025 Community Support Review, please contact the Federal Home Loan Bank of New York’s Community Investment Department by email at CommunitySupportProgram@fhlbny.com.

Thank you for your commitment to the promotion of affordable housing opportunities in your local community.

Peter Grof
Community Investment Officer
Federal Home Loan Bank of New York

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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.