I am pleased to announce that, on May 16, 2024, our Board of Directors approved a dividend for the first quarter of 2024 of 9.50% (annualized). The dividend proceeds will be distributed to FHLBNY member financial institutions on May 17, 2024.
Throughout the first quarter of 2024, the Federal Home Loan Bank of New York successfully executed on our foundational liquidity mission, delivering strong results for our members and generating significant funding for our affordable housing and community development initiatives. Our efforts are supported by the capital that our members invest into our cooperative, and our quarterly dividend continues to provide a reasonable and consistent return on this investment.
We filed our Form 10-Q for the first quarter of 2024 with the U.S. Securities and Exchange Commission on May 9, 2024.
Sincerely,
José R. González
President and Chief Executive Officer