I am pleased to announce that, on May 15, 2025, our Board of Directors approved a dividend for the first quarter of 2025 of 8.00% (annualized). The dividend proceeds will be distributed to FHLBNY member financial institutions on May 16, 2025.
Throughout the first quarter of the year, the Federal Home Loan Bank of New York delivered solid results for our members while continuing to execute on our foundational liquidity mission, in support of local economic growth.
When determining the quarterly dividend, the FHLBNY considers a range of factors, including current and projected performance, strategic initiatives, retained earnings levels and the operating environment. It is the intent of the FHLBNY to provide a reasonable return on our members’ investment in our cooperative.
We filed our Form 10-Q for the first quarter of 2025 with the U.S. Securities and Exchange Commission on May 8, 2025.
Sincerely,
Randolph C. Snook
President and CEO