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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, comprising 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 2020 Director Election process were electronically transmitted to all eligible stockholders in our District on June 26, 2020. One Member Director seat representing New Jersey, two Member Director seats representing New York 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, 2021.

 

A list of key dates in this year’s election is available here: List of Key 2020 Election Dates.

 

A link to the Director job position description is here: Director Job Position Description.

Nomination Certificates for Open Member Director Seats in New Jersey and New York

Nomination certificates for the open New Jersey and New York Member Director seats must be electronically submitted by no later than 5:00 p.m. ET on July 28, 2020.

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 28, 2020. 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

The FHLBNY’s Board of Directors consists of a talented group of dedicated individuals that benefits from, among other things, demographic (including gender and racial) diversity, and we expect that this will continue in the future. When considering potential nominations for Member Directorships and persons who might be interested in Independent Directorships, the FHLBNY suggests that diversity be kept in mind.

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