Preliminary Eligibility

Eligibility

Answer the following questions to see if you qualify for membership at the Federal Home Loan Bank of New York or jump to the Preliminary/Eligibility worksheets. It is also recommended that you view the Application Checklist to understand the requirements before you apply.

Is your financial institution (a savings and loan association, savings bank, commercial bank, credit union, insurance company or community development financial institution) duly organized under the laws of the United States, the State of New York, the State of New Jersey, the Commonwealth of Puerto Rico, or the U.S. Virgin Islands?
Is your financial institution (a savings and loan association, savings bank, commercial bank, credit union, insurance company or community development financial institution) duly organized under the laws of the United States, the State of New York, the State of New Jersey, the Commonwealth of Puerto Rico, or the U.S. Virgin Islands?

Yes

No
Unless the designated principal place of business of your institution is the State of New York, the State of New Jersey, the Commonwealth of Puerto Rico, or U.S. Virgin Islands, your institution is not eligible for membership in the Federal Home Loan Bank of New York. To find out how to designate the principal place of business for your institution, contact a Relationship Manager at (212) 441-6700 or email us.
Does your institution
Does your institution originate or purchase first lien one-to-four family residential loans, multifamily residential loans, or mortgage-backed pass-through securities with a term to maturity of at least five years?

Yes

No
Your institution may qualify for membership. Please provide your contact information if you would like a Relationship Manager to perform an eligibility analysis for you or if you would like help with the membership process:
Your E-mail*

Name*
Organization
Sorry, your institution is not eligible for membership. For more information about membership at the FHLBNY, please call (212) 441-6700 to speak to the Relationship Manager responsible for our members in your area.
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To designate a state other than the state where your institution maintains its home office as its principal place of business, your institution has to maintain, locate or hold at least 80 percent of its accounting books, records and ledgers in such designated state; conduct a majority of meetings of its board of directors and constituent committees in such designated state; and the place of employment of a majority of its five highest paid officers is located in such designated state. Click here to request more information about determining your principal place of business.

Preliminary/Eligibility Worksheets

You can do a preliminary analysis to further determine whether your institution qualifies for membership by completing the relevant worksheets using data mainly from your regulatory financial reports. You may request that a Relationship Manager perform the analysis for you.

Complete and date the worksheets relevant to you.

HLB-005	Commercial Banks and Thrift Institutions	XLS
HLB-007	Credit Unions	XLS
HLB-009 HIC	Health Insurance Companies	XLS
HLB-009 LC	Life Insurance Companies	XLS
HLB-009 PC	Property & Casualty Insurance Companies	XLS
HLB-011	Community Development Financial Institutions	XLS

Key Contacts

Relationship Managers:
(212) 441-6700

FHLBNY@fhlbny.com

Interactive Membership Application Package

Download all the information and required forms for membership.

DOWNLOAD

For more information about membership, visit our Membership FAQs.