I am pleased to announce that, on August 17, 2023, our Board of Directors approved a dividend for the second quarter of 2023 of 8.50% (annualized). The dividend proceeds will be distributed to FHLBNY member financial institutions on August 18, 2023.
Throughout 2023, the Federal Home Loan Bank of New York has continued to execute on our foundational liquidity mission, delivering funding to our members as needed, both in periods of market stress and in the more normalized environment that has followed. During this time, the FHLBNY has been a stable presence for our members and in the broader financial markets. Our members’ investment in our cooperative is a key contributor to our stability, and our quarterly dividend is both a return on this investment and part of the broader value proposition offered by Home Loan Bank membership.
We filed our Form 10-Q for the second quarter of 2023 with the U.S. Securities and Exchange Commission on August 10, 2023.
Sincerely,
José R. González
President and Chief Executive Officer