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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.

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
HLB-007 Credit Unions
HLB-009 HIC Health Insurance Companies
HLB-009 LC Life Insurance Companies 
HLB-009 PC Property & Casualty Insurance Companies 
HLB-011 Community Development Financial Institutions

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.