I am pleased to announce that, on August 19, 2021, our Board of Directors approved a dividend for the second quarter of 2021 of 4.60% (annualized). The dollar amount of the dividend will be approximately $59.5 million. The cash dividend will be distributed on August 20, 2021.
The Federal Home Loan Bank of New York continues to serve as a dependable partner to our members and the communities we serve as our region and nation continue to recover from the COVID-19 pandemic. Our stability is reflected in our ability to provide members with a consistent return on their investment in our cooperative, and we thank you for your continued business as we work together to support our District.
The health and economic crises resulting from COVID-19 are unpredictable and may affect the environment in which the FHLBNY operates. Changes to market and business conditions may negatively impact the FHLBNY’s financial performance and level of dividends. The FHLBNY will continue to assess the potential effects of changes in the environment on its financial performance and dividend strategy.
We filed our Form 10-Q for the second quarter of 2021 with the U.S. Securities and Exchange Commission on August 11, 2021.
Sincerely,
José R. González
President and Chief Executive Officer