Important Announcement for Community Lending Programs Users

We are pleased to announce the upcoming launch of the new online System for our Community Lending Programs (CLP) on Monday, September 27, 2021. This launch is part of a continued effort to enhance and strengthen our online capabilities to better serve our members.

This new CLP System will eliminate the manual efforts to submit and manage CLP applications.
Key benefits include:

Simple online application submission with upload capabilities
Real-time view of program and member caps and limits via the Member Dashboard
Ability to verify and track application submissions and approvals
On-demand reporting capabilities

Steps to Enroll
The CLP System will require multi-factor authentication (MFA), and all CLP System Users (Users) will be required to use an RSA SecurID® token (Token). This is the same protocol as our 1Link-IPR system. You must enroll to use and access the CLP going forward.

Complete and submit the CLP System Authorization Form to CLPops@fhlbny.com.
Activate Token: Upon completing the CLP System Authorization Form, you will receive a Token device enrollment invitation via email.* If you currently have a Token from 1Link/1Link-IPR, once you complete the CLP System Authorization Form, you will be able to use the same Token and 1Link-IPR credentials to access the CLP System when it launches.**
You are all set to access the CLP System via the login dropdown on the homepage or on the CLP webpage within the FHLBNY website on Monday, September 27, 2021.

*For spam filtering purposes, please ensure 1LinkSecurityServices@fhlbny.com are permitted senders. Token device enrollment invitations will be coming from this email address. View Guide for more information on setting up your Token.

**Please ensure you’ve activated your Token and/enroll your device for MFA before the CLP System launch to avoid delays in accessing the system.

Information about RSA soft tokens
Soft tokens are a convenient option for MFA that can be securely deployed to remote users electronically and are easily replaced if lost. Soft tokens are accessible from your electronic devices, i.e., phone or tablet, through the RSA SecurID app. You can set up the soft Token on any electronic device you currently use. After entering a Personalized Identification Number (PIN) into the RSA SecurID app, your soft Token will generate a passcode for you to enter into our enhanced login system so you can securely access our systems.

Note: If there are special circumstances and you require a Hard Token, please contact 1LinkSecurityServices@fhlbny.com with the reason and the address to send the hardware token. Please allow up to 14 business days to process this request.

If you have any questions regarding MFA, please contact 1Link Security Support at (800) 546-5101: after the prompt, press option 4, then option 2, or contact your Relationship Manager at (212) 441-6700. If you have questions about the CLP System, please contact CLPops@fhlbny.com.

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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.