Resources
Guides
| Borrower’s Guide | Collateral Guide |
The Member Products Guide is available in 1Link® on the Manuals and Guides tab
Fact Sheets
General Member Information
System Debt & Capital Stock Overview
Determing Your Borrowing Capacity
FHLBNY Board of Directors Overview
Establishing an Accommodation Account
Consolidated Obligations Overview
MPF® Program
Credit Products
Symmetrical Prepayment Advance Feature
Letters of Credit & MULOC Overview
Letters of Credit & MULOC Overview – Spanish translation
Borrower’s Quick Reference Guide & Credit Product Descriptions
Correspondent Services
LIBOR to SOFR Transition
Regulatory Resources
FHLBank System Regulator Provides LIBOR Transition Guidance Letter
Practical Implementation Checklist for SOFR Adoption by Alternative Reference Rates Committee (AARC)
FHLBNY Resources
LIBOR’s Transition to SOFR Article
The SOFR-Linked Adjustable Rate Advance Program
The Callable Adjustable Rate Credit Advance Program
Presentations, Tutorials & Webinars
Homebuyer Dream Program: Life Cycle Tutorial
Homebuyer Dream Program: Funding Request
Homebuyer Dream Program: Household Reservation Request
Homebuyer Dream Program: Secure File Transfer Portal
Homebuyer Dream Program: How to Calculate Income
Affordable Housing Program: Project Life Cycle
FHLBNY Education Programs
To assist with strategic planning, we offer custom-tailored education programs and sessions for your leadership team. Held jointly with trusted consultants, all programs are carefully curated to your institution’s needs.
Education program topics available include: Technical; Products, Services, and Programs; Economic and Industry; Member-Board Education.
FHLBNY’s Marginal Loan Pricing Tool
This tool will allow you to compare your loan against alternative investments of similar duration, adjust the price for credit risk and servicing costs, and determine the “All-in” cost of funding the loan with FHLBNY advances. You can also analyze and simulate various scenarios using our advances to attain excellent pricing, all while factoring in your institution’s asset or liability sensitivity. Furthermore, this tool can help account for competitor pricing. Learn more about the Value of Loan Pricing.
Try This Example: Download our loan pricing tool below to determine the “base price” of a mortgage after obtaining the Weighted Average Life of a comparable Fannie Mae MBS. Once the base price for various duration tiers has been identified, add 50 bps to account for credit risk and loan servicing costs.
First, compare the yield of the security to the alternative US Treasury which has less credit risk, higher liquidity and a more predictable duration.
Note, the Weighted Average Life of a mortgage varies by region but is generally 6 years for a 15 year and 8 years for a 30 year.
The Marginal Loan Yield Pricing Tool determines the highest yielding asset for each duration tier. This helps determine if purchasing an alternative asset is a better strategy.
Other Funding Tools
FHLBNY Funding Tools are designed to help members address their funding needs and fully maximize membership. Contact a Relationship Manager at (212) 441-6700 to run an analysis for your institution.
“All-in” Rate Borrowing Tool
Compare the prospective loan to 2-3 alternative investments of similar duration to determine the base price of the loan.
Interest Expense Calculator
Developed for members to calculate and compare the economic benefits that different terms of FHLBNY advances may provide versus alternative funding sources.
Amortizing Advance Schedule Tool
A simple tool developed to help members model and compare the schedules and cashflows of FHLBNY’s Amortizing Advances.
Funding Comparison Tool
Developed to compare member decisions on whether to start funding long term or continue to fund short and what the implication of market forward rates may have on those decision.
Prepayment Fee Calculator
Developed to assist members estimate what the prepayment fees on non-structured FHLBNY advances may be.
Funding Mix Calculator
Developed to assist members’ decisions on how to find the optimal mix of funding sources for a particular asset or assets such as an MBS or a pool of mortgage loans.
Disclaimer: Notwithstanding any language to the contrary, nothing contained in these disclosures is intended to constitute an offer, inducement, promise, or contract of any kind. Any product descriptions and pricing may be subject to change without notice.
The content provided in these disclosures is presented as a courtesy to be used only for informational purposes and is not represented to be error free. The FHLBNY makes no representations or warranties of any kind with respect to the content contained herein, such representations and warranties being expressly disclaimed. The FHLBNY is not a financial or investment advisor.
Moreover, the FHLBNY does not represent or warrant that the content of these disclosures is accurate, complete or current for any specific or particular purpose or application. It is not intended to provide nor should anyone consider that it provides legal, accounting, tax or other advice. Such advice should only be rendered in reference to the particular facts and circumstances appropriate to each situation. The FHLBNY encourages you to contact appropriate professional(s) and consultant(s) to assess your specific needs and circumstances and to render such advice accordingly. In addition, the FHLBNY is not endorsing or recommending the use of the means or methods contained in or through these disclosures for any special or particular purpose.
It is solely your responsibility to evaluate the risks or merits of any funding or investment strategy. In no event will FHLBNY or any of its officers, directors or employees be liable for any damages — whether direct, indirect, special, general, consequential, for alleged lost profits, or otherwise – that might result from any use of or reliance on these materials.