Bulletins
December 30, 2024
Frequent Collateral Shortfall Activity
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. Overall shortfalls occur when the combined remaining borrowing potential of both non-repo and repo accounts are negative. The remaining borrowing potential accounts for the Collateral Lendable Value (post application of valuations and margins) less overall indebtedness. The Frequent Shortfall Margin will remain effective until the member maintains three or fewer overall shortfalls within a 12-month period.
This change will help your Federal Home Loan Bank remain a stable, reliable, and trusted partner by reducing the FHLBNY’s risk exposure. We value your partnership and remain committed to further strengthening our cooperative.
If you have any questions, please contact your Relationship Manager at (212) 441-6700.
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