Corporate Governance

The Federal Home Loan Bank of New York (FHLBNY), like all the other Federal Home Loan Banks, is governed by a Board of Directors, comprised of Member Directors (who consist of officers and directors of member institutions) and Independent Directors (who are not affiliated with member institutions). Member Directors are elected by the FHLBNY’s membership on a statewide basis; Independent Directors are elected by the FHLBNY’s membership on a districtwide basis. The FHLBNY also has a Housing Advisory Council, which reports annually to the Federal Housing Finance Agency on the FHLBNY’s low-income housing activities. The advisory council consists of members from community-based non-profit organizations to advise on the low-income housing needs of our district.

About the FHLBNY’s 2024 Director Elections

Two Member Director seats representing New York and two district-wide Independent Director seats are now up for election for terms that will each begin on January 1, 2025. Please keep in mind that the two Independent Director candidates must each receive at least 20 percent of the eligible votes in order to be elected.

Director Election ballot packages were distributed electronically to eligible members on Thursday, November 7, 2024. Your vote is very important, so we ask that you take the time to review the package upon receipt and promptly return your ballot to the FHLBNY.

Your electronic ballot submissions must be received by no later than 5:00 p.m. Eastern Time on Monday, December 9, 2024.

Your ballot package contains detailed information about the process. Please refer any election questions you may have to Paul Friend, the FHLBNY’s General Counsel, at [email protected] or (212) 441-6822.

Thank you.

Corporate Governance Guidelines of the FHLBNY

The Board of Directors (Board) of the FHLBNY, acting on the recommendation of its Corporate Governance and External Affairs Committee, has adopted a set of guidelines in furtherance of its continuing efforts to enhance its corporate governance.

View Corporate Governance Guidelines

as of March 2024

FHLBNY Board Committee Charters and Rosters

Key Contacts

Relationship Managers:
(212) 441-6700

[email protected]

Corporate Governance