Select Page


Bulletin 20

Update to the Putable Advance Modification Program

The Federal Home Loan Bank of New York is pleased to announce that the Putable Advance Modification Program has expanded: previously modified Putable Advances can now be re-modified into either a new Putable or a new Fixed-Rate Advance.

Eligible Advances under the expansion of the Modification Program are subject to the same guidelines and controls of the existing program. In addition, Advances being re-modified must have a maturity and effective duration greater than or equal to the original Advance. Other provisions may apply.

If you would like more information on the Modification Program or would like to see if there are Advances in your portfolio that qualify, please contact your Relationship Manager at (212) 441-6700

Latest News


Report from the President: Meeting Member Needs


Notice of FHLB Members Selected For Community Review (Effective March 1, 2021)


FHLBNY Announces Fourth Quarter and Full-Year 2020 Operating Highlights


A Review of Housing Statistics at the End of 2019


Five Ways to Manage Your Balance Sheet in a Volatile Rate Environment