News

For the past six years, I have had a firsthand view of the importance of the reliability of Federal Home Loan Bank funding in my prior role as CEO of the Office of Finance, the Federal Home Loan Bank System’s fiscal agent...

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...

New York, New York — The Federal Home Loan Bank of New York (“FHLBNY”) today released its unaudited financial highlights for the quarter and year ended December 31, 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...

In accordance with the Federal Housing Finance Agency’s (FHFA) Community Support Requirements regulation, 12 CFR Part 1290, all Federal Home Loan Bank member institutions must meet certain standards of community investment or service, in order to maintain continued access to Federal Home Loan Bank (FHLBank) community investment programs and to long-term (greater than one year) FHLBank advances...

The FHLBNY has updated its Member Products Guide (Guide). Changes to the Guide are effective as of February 2025. The Guide details the FHLBNY’s credit, collateral and correspondent services standards and can assist you in finding helpful information on the FHLBNY’s product and service matters (e.g., requirements for advance borrowings, eligible collateral types and service fee schedules)...

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...