Press Releases

November 13, 2015

Contact:
Eric Amig – (212) 441-6807
Brian Finnegan – (212) 441-6877

FHLBNY Announces Results of 2015 Board of Director Elections

New York, NY – The Federal Home Loan Bank of New York (“FHLBNY”) announced today the results of the 2015 election for four positions on the FHLBNY’s Board of Directors whose terms will each commence on January 1, 2016. All four terms will run for four years, expiring on December 31, 2019.

“Our cooperative benefits from a strong membership, a committed staff and a knowledgeable and supportive Board comprised of banking and community leaders, all working together to further our mission,” said José R. González, president and CEO of the FHLBNY. “Directors Buran, Hoy and Soaries have proven themselves to be valuable members of our Board, and I look forward to the FHLBNY benefiting from the insight that Ms. Franzini will bring in her new role on our Board. I also thank our outgoing Director, Joseph Melone, for his remarkable service to our cooperative.”

The specific results of the election, which took place on November 6, 2015, were as follows:

About the Federal Home Loan Bank of New York
The Federal Home Loan Bank of New York is a Congressionally chartered, wholesale Bank. It is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned banks. As of June 30, 2019, the FHLBNY serves 324 financial institutions in New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands. The Federal Home Loan Banks support the efforts of local members to help provide financing for America’s homebuyers.

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Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This report may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. These statements may use forward-looking terms, such as “projected,” “expects,” “may,” or their negatives or other variations on these terms. The Bank cautions that, by their nature, forward-looking statements involve risk or uncertainty and that actual results could differ materially from those expressed or implied in these forward-looking statements or could affect the extent to which a particular objective, projection, estimate, or prediction is realized. These forward-looking statements involve risks and uncertainties including, but not limited to, regulatory and accounting rule adjustments or requirements, changes in interest rates, changes in projected business volumes, changes in prepayment speeds on mortgage assets, the cost of our funding, changes in our membership profile, the withdrawal of one or more large members, competitive pressures, shifts in demand for our products, and general economic conditions. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.