Updates to the 2016 Fee Schedules
As communicated earlier this year, the Federal Home Loan Bank of New York (“FHLBNY”) is striving towards full Member participation in 1LinkSK® by year-end. We will continue to offer the current discounted fees for 1LinkSK® Self Service Online transactions. However, effective July 1, 2016, FHLBNY is implementing an additional $5 increase to their Safekeeping Services fees for Purchases/Sales submitted by Fax or E-Mail (require manual processing):
Updated fees for security purchases or sales by Fax / E-Mail:
Book Entry (FED/DTC): $25 to $30 per transaction
All Physicals: $40 to $45 per transaction
To avoid being assessed the higher trade fees related to Fax / E-Mail trades, please contact Custody and Pledging Services (“CPS”) at (800) 546-5101 for assistance to begin to utilize 1LinkSK® for all of your Safekeeping needs.
If you have any questions about the FHLBNY’s Safekeeping fees, please contact your Relationship Manager at (212) 441-6700. You can access the Fee Schedules by signing on to 1Link®, our internet banking system and clicking on the ‘Manuals and Guides’.
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