Bulletins

February 22, 2023

Notice of Federal Home Loan Bank Members Selected For
Community Support Review

The Federal Housing Finance Agency (FHFA) in its community support regulation, 12 CFR Part 1290, requires that Federal Home Loan Bank members meet certain standards of community investment or service to maintain continued access to long-term (greater than one year) advances from the Federal Home Loan Banks. In accordance with the regulation, the FHFA will continue to require a Community Support Statement from each member subject to a community support review at the same time, every two years. For the 2023 review period, the FHFA has established October 29, 2023, as the date by which each member subject to a community support review must submit a completed Community Support Statement.

View the list of Federal Home Loan Bank of New York members required to submit a Community Support Statement form to the FHFA by October 29, 2023.

2023 FHLBNY Members Selected For Community Review

At the request of the FHFA, if you have any comments, both positive and/or critical, on the performance of any of these members in meeting the credit needs of their communities, please send your comments directly to the FHFA, by electronic mail to hmgcommunitysupportprogram@fhfa.gov. The 30-day comment period will begin February 23, 2023, and end March 24, 2023.

If you have any questions on this matter please contact our Community Investment Department at CommunitySupportProgram@fhlbny.com.

Thank you for your commitment to promoting affordable housing opportunities within your community.

Michael A. Volpe
Chief Bank Operations Officer & Interim Community Investment Office
Federal Home Loan Bank of New York

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