In recent months, a series of independent reports and studies have found what the Federal Home Loan Banks and our members have long known: that FHLBank funding leads to increased local lending activity, broad financial stability and a stronger nationwide network of neighborhood lenders.
I am pleased to announce that, on November 20, 2025, our Board of Directors approved a dividend for the third quarter of 2025 of 7.60% (annualized). The dividend proceeds will be distributed to FHLBNY member financial institutions on November 21, 2025.
Over the course of our 93-year history, the Federal Home Loan Bank System has changed in many ways, from the expansion of our membership to the creation of additional ways to support housing, including the Affordable Housing Program (AHP) and our Mortgage Asset Program (MAP®). But all of this growth and change is built upon and stems from our unwavering commitment to our foundational liquidity mission.
New York, New York — The Federal Home Loan Bank of New York (“FHLBNY”) today released its unaudited financial highlights for the quarter and year ended December 31, 2025.
New York, NY – The Federal Home Loan Bank of New York (“FHLBNY”) announced today that Stephen S. Romaine has been elected by its Board of Directors (“Board”) to serve as Board vice chair for a two-year term that will commence on January 1, 2026. Mr. Romaine, who is chair and CEO of Tompkins Community Bank, has served on the FHLBNY’s Board as a Member Director since January 1, 2019. He currently serves as the chair of the Board’s Strategy & Business Committee and as a member of its Corporate Governance and External Affairs and Risk committees.
New York, NY – The Federal Home Loan Bank of New York (“FHLBNY”) announced today the results of the 2025 election for three positions on the FHLBNY’s Board of Directors (“Board”) whose terms will each commence on January 1, 2026. The terms of all the positions will run for four years, expiring on December 31, 2029.
Effective November 3, 2025, if a default occurs and a LOC draw certificate is submitted, the FHLBNY will disburse payment no later than the close of business on the next business day following its receipt of the draw certificate. Previously, payments were made the same day if the LOC draw certificate was submitted before 11:00 a.m.; otherwise, payment was processed the next business day. This modification only applies to LOCs issued on or after November 3, 2025.
The Federal Home Loan Bank of New York (“FHLBNY”) has updated its Member Products Guide (“Guide”). The Guide details the FHLBNY’s credit, collateral and correspondent services standards and can assist you in finding helpful information on the FHLBNY’s product and service matters (e.g., requirements for advance borrowings, eligible collateral types and service fee schedules).
The Federal Home Loan Bank of New York (FHLBNY) is updating the tenor maximum for CLP advances. Previously, the CLP advance tenors were restricted to one (1) to five (5) years. Effective September 2, 2025, CLP advances will now have a maximum tenor of ten (10) years. There is no change to the CLP tenor minimum.
