Step 3: Determine Available Collateral
Since the HLB is a secured lender and all of our advances require collateral, it's important that you know how much collateral you have at the HLB prior to requesting an advance. Depending on your collateral status, the type of collateral you are using, or the advance selected, you may be required to deliver mortgage or securities collateral to the HLB. For a list of eligible collateral, please contact fhlbny@fhlbny.com or contact a Calling Officer at (212) 441-6700.
You can determine how much collateral you have at the HLB by reviewing your Collateral Position Report, which can be accessed electronically through 1Link, our secure internet banking system. Once you log into 1Link, click on the "Information Reporting" tab, then under the "Reports" drop-down list click on "Special Reports," then select "Collateral Position Report."
Note: When you transact an advance through 1Link, you will be able to view your available borrowing amount and your current collateral position on the same transaction screen.
