News

On May 5, 2014, I sent out my first Report to members in my role as president and CEO of the Federal Home Loan Bank of New York. In that Report, I stated that I accepted this role with great honor given the important mission of the institution I had been tasked to lead...

On December 2, 2024, we announced that, after more than a decade leading the Federal Home Loan Bank of New York, I plan on retiring on April 4, 2025, and that Randolph C. Snook, who currently serves as CEO of the FHLBanks Office of Finance, has been named as my successor. Randy, who has led the Federal Home Loan Bank System’s fiscal agent...

I am pleased to announce that, on November 21, 2024, our Board of Directors approved a dividend for the third quarter of 2024 of 9.25% (annualized). The dividend proceeds will be distributed to FHLBNY member financial institutions on November 22, 2024...

New York, NY – The Federal Home Loan Bank of New York (“FHLBNY”) announced today the results of the 2024 election for four positions on the FHLBNY’s Board of Directors (“Board”) whose terms will each commence on January 1, 2025. The terms of all the positions will run for four years, expiring on December 31, 2028...

New York, NY – The Federal Home Loan Bank of New York (“FHLBNY”) announced today that José R. González, president and Chief Executive Officer of the FHLBNY, will retire from the FHLBNY on April 4, 2025, and that Randolph C. Snook, Chief Executive Officer of the FHLBanks Office of Finance, has been named as his successor to the role...

New York, NY -- José R. González, president and CEO of the Federal Home Loan Bank of New York (“FHLBNY”), announced that the FHLBNY has awarded a record $70.8 million in subsidies to fund 61 affordable housing initiatives throughout New Jersey, New York, Puerto Rico, Connecticut, Maine, Maryland, Pennsylvania, Texas and Wisconsin...

The Federal Home Loan Bank of New York (FHLBNY) is updating collateral requirements for members with frequent collateral shortfalls. Effective January 1, 2025, members with frequent collateral shortfalls (more than three overall shortfalls) will be assigned an additional member-level margin of 2% to mitigate potential risk...

Due to the overwhelming member response to our 0% Development Advance (ZDA) Program, the Federal Home Loan Bank of New York (FHLBNY) is pleased to announce that additional funding has been added to the second round...

The Federal Home Loan Bank of New York (FHLBNY) has updated its Member Products Guide (Guide). Changes to the Guide are effective as of August 2024...