I am pleased to announce that, on November 17, 2022, our Board of Directors approved a dividend for the third quarter of 2022 of 6.75% (annualized). The dollar amount of the dividend will be approximately $87.3 million. The cash dividend will be distributed on November 18, 2022.
As members continue to navigate a changing economic environment and seek to enhance their liquidity positions, advances at the FHLBNY and across the Federal Home Loan Bank System have steadily increased throughout 2022. Our reliability is reflected not only in the ability to consistently meet the funding needs of our members, but in our quarterly dividend – a return on the capital our members have invested in our cooperative.
We filed our Form 10-Q for the third quarter of 2022 with the U.S. Securities and Exchange Commission on November 10, 2022.
Sincerely,
José R. González
President and Chief Executive Officer