Bulletins

December 3, 2021

Updates to the 2022 Fee Schedules

Effective January 3, 2022, the Federal Home Loan Bank of New York (“FHLBNY”) will implement the following fee changes to the 2022 Credit, Collateral and Correspondent Services:

Credit Services Fees

Increase in the minimum fee for Letters of Credit (“LOC”) from $100 to $200

Correspondent Services Fees

The following Safekeeping fees have changed:

Confirmation Letters for Municipalities Fees – from $25 to $35 a letter
Fax/E-mail submitted Trading Fees:

— Book Entry Trades from $30 to $40 per transaction

— Physical Trades from $45 to $55 per transaction

— CEDEL / Euroclear Trades from $55 to $75 per transaction

NOTE: There is no change to 1LinkSK Self Serviced trades

Monthly Account Maintenance Fees:

— Removal of the monthly maintenance fee for members with active Safekeeping accounts

— Increased monthly maintenance fee for members with inactive Safekeeping accounts – from $25 to $50 per month

Per Item Maintenance fees:

— Physical securities from $5.50 to $6.00 per month

— Book-entry securities from $3.00 to $3.50 per month

Principal and Interest Payments (including coupons) – from $5.00 to $5.50 per transaction
Collateral Pledge/Pledge Removal Fees:

— Fax/Email submitted transactions from $5 to $10 per transaction

NOTE: There is no change to 1LinkSK Self Serviced Collateral Pledges/Pledge Removals

Settlement Service Fees have changed to include a minimum monthly fee of $100 with an additional $0.50 per transaction fee over 100 transactions (capped at 1,000 transactions).

All other fees remain unchanged.

If you have any questions about the FHLBNY’s fees please contact your Relationship Manager at (212) 441-6700 or the Member Services Desk at (800) 546-5101, option 1.

You can access the Fee Schedules by signing on to 1Link® and clicking on the ‘Manuals and Guides’ tab.

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Bulletins

Updates to the 2022 Fee Schedules

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