Press Releases

November 9, 2017

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

Federal Home Loan Bank of New York
Announces First Quarter 2019 Operating Highlights

New York, NY – The Federal Home Loan Bank of New York (FHLBNY) announced today the results of the 2017 election for five positions on the FHLBNY’s Board of Directors whose terms will each commence on January 1, 2018. All five terms will run for four years, expiring on December 31, 2021.

The specific results of the election, which took place on November 6, 2017, were as follows:

“The depth and breadth of our Board is one of the greatest strengths of our cooperative – providing management with key insight into the needs of our members and the communities we serve,” said José R. González, president and CEO of the FHLBNY. “I look forward to the guidance Chairman Horn and Directors Lipkin, Vázquez and Thompson will continue to provide, and am excited to welcome Mr. Ficalora and his vast expertise back to the Board. My colleagues and I at the FHLBNY will continue to work closely with all of our Directors to ensure that the cooperative remains a reliable strategic partner for our members.”

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.