Our Mission
To provide members with prompt, on-demand liquidity in support of housing, local community development and financial stability.
Our Values
Member-Focused
Collaborative
Diverse & Inclusive
Accountable
Results-Oriented
The Federal Home Loan Bank of New York (FHLBNY) is updating the tenor maximum for CLP advances. Previously, the CLP advance tenors were restricted to one (1) to five (5) years. Effective September 2, 2025, CLP advances will now have a maximum tenor of ten (10) years. There is no change to the CLP tenor minimum.
New York, NY – Randolph C. Snook, president and CEO of the Federal Home Loan Bank of New York (“FHLBNY”), announced that the FHLBNY has awarded a record $86.3 million in subsidies to fund a record 75 affordable housing initiatives throughout New Jersey, New York, Puerto Rico, California, Delaware, Maine, Pennsylvania and Texas. These awards are funded through the FHLBNY’s Affordable Housing Program (“AHP”), and will result in the creation, rehabilitation or preservation of a record 4,976 units, including 3,628 units dedicated to very low-income housing, 4,637 units of rental housing and 339 homeownership opportunities. The awards will not only help provide housing, but also drive community development: it is anticipated that nearly $2.2 billion in housing investments will result from the development of these initiatives.
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.
Homebuyers must work directly with members to access these programs.
Discover how the Federal Home Loan Bank System is advancing its mission to provide reliable liquidity and support housing affordability across the nation – with a record $1.2 billion committed to housing and economic development in 2024.
With the outcome of the next FOMC meeting on the 17th of this month, the upcoming week will provide a “last look” of sorts at inflation indicators, as both the Producer and Consumer Price Indices (PPI and CPI) will be released. Barring any major upside surprise, the market is likely to continue to strongly expect a 25-bps cut from the Fed. Indeed, the employment side of the Fed’s dual mandate appears to currently hold a bit more sway within the Fed. During his speech at the Jackson Hole Symposium a few weeks ago, Fed Chair Powell noted that “downside risks to employment are rising”. Given this statement, and inflation barometers still above the Fed’s 2% target, the likelihood of a Fed rate cut at this month’s FOMC rests heavily on employment-related indicators. The labor market-related data released this past week mostly portrayed a cooling environment. In this regard, the employment situation report to be released on Friday morning just before this publication hits inboxes will be a key data point to either solidify a Fed rate cut at the upcoming meeting or place some doubt on it. The market consensus calls for +75K on payrolls and a 4.3% unemployment rate. Please contact the Member Services Desk for any updates on market dynamics or rate levels.
Kristina Hooper discusses her outlook for the economy and markets for the remainder of 2023 and beyond. From recent challenges in the banking industry to inflation to earnings, 2023 has already faced a variety of uncertainties…
Inflation has cooled substantially in most major economies, with no significant downturn in global growth. And it appears that the long-anticipated “soft landing” has arrived, so what happens next? Back by popular demand, Kristina Hooper, Chief Global Market Strategist at Invesco, discusses her 2025 Investment Outlook.
With a focus on diversity and inclusion, the FHLBNY views career development not as an expense but rather an investment. Explore our wide range of opportunities available to you.
Our credit products provide member financial institutions a reliable source of liquidity so they in turn can help meet the housing finance and credit needs of their communities.
As part of our mission, the FHLBNY is committed to providing affordable housing opportunities to families and communities through our member financial institutions.
