On March 19, 2021, we filed the FHLBNY’s 2020 Form 10-K with the SEC, closing the book on a most unique, challenging and volatile year. Even today, more than a year from the onset of the COVID-19 pandemic, communities across the nation continue to grapple with its impact.
My March 9, 2020 report to members provided the first FHLBNY update on the Coronavirus. By the end of that week, we – along with many other employers in New York City – had begun to move into a remote posture...
I am pleased to announce that, on February 18, 2021, our Board of Directors approved a dividend for the fourth quarter of 2020 of 5.00% (annualized). The dollar amount of the dividend will be approximately $70.9 million. The cash dividend will be distributed on February 19, 2021...
The Federal Home Loan Bank of New York (“FHLBNY”) today released its unaudited financial highlights for the quarter and year ended December 31, 2020. The FHLBNY’s net income for 2020 was $442.4 million, a decrease of $30.2 million, or 6.4 percent, from net income of $472.6 million...
The Federal Home Loan Bank of New York (“FHLBNY”) is pleased to announce the publication of its 2021 Targeted Community Lending Plan and the Affordable Housing Program Implementation Plan. These two documents describe important improvements to the core Community Investment programs offered through the FHLBNY’s members for the year 2021, and both are now available on the FHLBNY’s website....
José R. González, president and CEO of the Federal Home Loan Bank of New York (FHLBNY), announced that the FHLBNY has awarded $36.9 million in subsidies to fund 46 affordable housing initiatives throughout New Jersey, New York, Puerto Rico, Connecticut and Washington, D.C. These awards are funded through the FHLBNY’s Affordable Housing Program (AHP), and will result in the creation, rehabilitation or preservation of 3,140 units, including 2,344 units dedicated to very low-income housing...
Notice of Federal Home Loan Bank Members Selected For Community Review effective March 1, 2021
Through this notice, the Federal Home Loan Bank of New York ("FHLBNY") hereby announces that, effective March 1, 2021, the FHLBNY will implement an activity-based capital stock purchase requirement of 0.125% on the outstanding principal balance of new and renewing Letters of Credit issued by the FHLBNY on a Member's behalf...