Fourth Quarter 2019Five Ways to Manage Your Balance Sheet in a Volatile Rate Environment
When we developed our 2019-2021 Strategic Plan, the reality of our current environment was unimaginable. But in our Strategic Plan, we stated that the FHLBNY’s strategic vision is “to be a balanced provider of liquidity to members in all operating environments.” It is this focus on our members and our ability to remain your reliable partner that positions us to respond to this crisis and remain a stable source of liquidity even in this most challenging operating environment...
I am pleased to announce that, on May 20, 2020, our Board of Directors approved a dividend for the first quarter of 2020 of 5.90 percent (annualized). The dollar amount of the dividend will be approximately $85.9 million. The cash dividend will be distributed on May 21, 2020...
Earlier this month, The Wall Street Journal ran an article highlighting the importance of financial institutions’ participation in the Small Business Administration’s Paycheck Protection Program (PPP), a vital stimulus program aimed at helping small businesses across the nation make payroll and retain workers. And across the nation, these small businesses have turned to their local lender for assistance. As the article captured, in communities all over the country, the local lender has come to the rescue...
FHLBNY response includes a combination of charitable donations, grants, subsidized advances and $1 billion in available Disaster Relief Funding... New York, NY – In response to the COVID-19 pandemic, the Federal Home Loan Bank of New York (FHLBNY) has announced a targeted suite of tools to assist its members and community partners to respond to the needs of individuals, households, non-profit organizations and small businesses across the FHLBNY’s District...
The Federal Home Loan Bank of New York (FHLBNY) today released its unaudited financial highlights for the quarter ended March 31, 2020. “Despite the challenging and volatile market environment we experienced in the first quarter of 2020, especially as the COVID-19 pandemic began to spread across our nation in March, the Federal Home Loan Bank of New York remains a reliable partner for our members and the communities we all serve,” said José R. González, president and CEO of the FHLBNY. “Most importantly, we continue to prove our purpose, as reflected in the 35 percent increase in advances during the period, reaching a record level of advances as members increasingly looked to us as a reliable source of liquidity amid a turbulent operating environment...
New York, NY – In response to the severe and extensive damage caused by a series of earthquakes that continue to impact Puerto Rico, the Federal Home Loan Bank of New York (“FHLBNY”) has provided $500,000 in donations to organizations leading relief efforts in the Commonwealth. In addition to the charitable contributions, the FHLBNY has $1 billion in disaster relief funding available to its members to help rebuild communities in FEMA-designated disaster areas in Puerto Rico.
The Federal Home Loan Bank of New York (FHLBNY) has updated its Member Products Guide (Guide). The Guide details the FHLBNY’s credit, and collateral standards and can assist you in finding helpful information on FHLBNY product and services matters (e.g. requirements for advance borrowings, eligible collateral types and service fee schedules).