Select Page

Corporate Governance

Corporate Governance

The Federal Home Loan Bank of New York (FHLBNY), like all the other Federal Home Loan Banks, is governed by a Board of Directors, comprised of Member Directors (who consist of officers and directors of member institutions) and Independent Directors (who are not affiliated with member institutions). Member Directors are elected by the FHLBNY’s membership on a statewide basis; Independent Directors are elected by the FHLBNY’s membership on a districtwide basis. The FHLBNY also has a Housing Advisory Council, which reports annually to the Federal Housing Finance Agency on the FHLBNY’s low-income housing activities. The advisory council consists of members from community-based non-profit organizations to advise on the low-income housing needs of our district.

About the FHLBNY’s Director Election

Director Election Announcement packages containing nomination certificates and other related information regarding the 2021 Director Election process were electronically transmitted to all eligible stockholders in our District on June 28, 2021. One Member Director seat representing New Jersey, one Member Director seat representing New York, one Member Director seat representing Puerto Rico & the U.S. Virgin Islands, and two district-wide Independent Director seats will be up for election later this year for four-year terms that will each begin on January 1, 2022.

Nomination Certificates for Open Member Director Seats in New Jersey, New York and Puerto Rico & the U.S. Virgin Islands

Nomination certificates for the open New Jersey, New York Member and Puerto Rico &
U.S. Virgin Islands Director seats must be electronically submitted by no later than 5:00 p.m. ET on July 29, 2021.

Independent Director Application Forms

Persons who are interested in being considered for nomination for an Independent Director seat on the FHLBNY’s Board of Directors must first submit an Independent Director Application Form to the FHLBNY. An executed copy of the Application Form must be submitted via email to [email protected] by no later than 5:00 p.m. ET on July 29, 2021. Please note that all Application Form submissions must include a resume.

A copy of the Application Form is available here: Federal Home Loan Bank Independent Director Application Form.

Regarding Board Diversity

Like the FHLBNY itself, the FHLBNY’s Board of Directors consists of a talented group of dedicated individuals that benefits from, among other things, demographic (including gender, racial and ethnic) diversity, and we expect that this will continue in the future. As you consider diverse Member Director candidates to possibly nominate, please remember that officers at member institutions serving below the CEO level are eligible to serve on the FHLBNY’s Board. We also ask that you encourage diverse candidates outside your institution to consider applying for the open Independent Director seats. Your participation in this year’s Director election process is greatly appreciated and will help continue to keep the Board and the FHLBNY diverse – and strong.

For more information, Director Election questions can be sent to the General Counsel.

Corporate Governance Guidelines of the FHLBNY

 

The Board of Directors (Board) of the FHLBNY, acting on the recommendation of its Corporate Governance and External Affairs Committee, has adopted a set of guidelines in furtherance of its continuing efforts to enhance its corporate governance.

Key Contacts

Relationship Managers:
(212) 441-6700
[email protected]
FHLBNY Board Committee Charters & Roster

Other Important FHLBNY Documents and Information