On May 28, we announced that our Board had approved a 4.75 percent dividend for the first quarter of 2021, with the $62.2 million cash dividend distributed to member institutions on June 1. Our ability to provide a reasonable return on our members’ investment in our cooperative reflects the stability and reliability of our franchise...
I am pleased to announce that, on May 28, 2021, our Board of Directors approved a dividend for the first quarter of 2021 of 4.75% (annualized). The dollar amount of the dividend will be approximately $62.2 million. The cash dividend will be distributed on June 1, 2021.
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.
FHLBNY today released its unaudited financial highlights for the quarter ended March 31, 2021. “One year ago, amid as volatile and uncertain a market as we have ever experienced, our members looked to the Federal Home Loan Bank of New York for liquidity support at the onset of the COVID-19 pandemic,” said José R. González, president and CEO of the FHLBNY. “In the year since, the FHLBNY has remained a stable and...
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....
We are pleased to announce that our Members are now able to take advantage of the FHLBNY’s Refundable Municipal Letter of Credit (REMLOC) program when collateralizing municipal deposits under the New Jersey Department of Banking and Insurance (NJ DOBI) GUDPA program...
Notice of Federal Home Loan Bank Members Selected For Community Review effective March 1, 2021