Dividend Announcement 4Q22: The FHLBNY Declares a 7.50% Dividend for the Foruth Quarter of 2022

I am pleased to announce that, on February 15, 2023, our Board of Directors approved a dividend for the fourth quarter of 2022 of 7.50% (annualized). The dividend proceeds will be distributed to member financial institutions on February 16, 2023.

Amid an often turbulent and uncertain operating environment, our members increasingly looked to the FHLBNY as a stable source of liquidity in 2022. This stability is supported by our members’ investment in our cooperative, and also reflected in our ability to provide a reasonable return on this investment through our quarterly dividends. Throughout 2022, the FHLBNY was proud to execute on our liquidity mission, to the benefit of our members and the communities we all serve.

We will publish our 2022 audited financial results in our Form 10-K filing with the Securities and Exchange Commission, which is expected to be filed on or about March 17, 2023.

Sincerely,

José R. González
President and Chief Executive Officer

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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.