I am pleased to announce that, on August 21, 2025, our Board of Directors approved a dividend for the second quarter of 2025 of 7.60% (annualized). The dividend proceeds will be distributed to FHLBNY member financial institutions on August 22, 2025.
Throughout the first half of 2025, the FHLBNY has continued to serve as a stable and reliable source of on-demand funding for our members in support of the lending activities that drive economic growth at the local level. Our ability to consistently execute on this foundational mission positions the FHLBNY to continue to provide members with a reasonable return on your investment in our cooperative.
When determining the quarterly dividend, the FHLBNY considers a range of factors, including current and projected performance, strategic initiatives, retained earnings levels, the interest rate environment and operating conditions. 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 second quarter of 2025 with the U.S. Securities and Exchange Commission on August 7, 2025.
Sincerely,
Randolph C. Snook
President and CEO