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Federal Home Loan Bank Of New York

The Federal Home Loan Bank of New York (“we,” “us,” “our,” “the Bank” or the “FHLBNY”) is a federally chartered corporation exempt from federal, state and local taxes except local real property taxes. It is one of eleven district Federal Home Loan Banks (FHLBanks).  The FHLBanks are U.S. government-sponsored enterprises (GSEs), organized under the authority of the Federal Home Loan Bank Act of 1932, as amended (FHLBank Act).  Each FHLBank is a cooperative owned by member institutions located within a defined geographic district.  The members purchase capital stock in the FHLBank and generally receive dividends on their capital stock investment.  Our defined geographic district is New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands.  We provide a readily available, low-cost source of funds for our member institutions.

Calendar

28 Jul 21
1 Aug 21
31 Dec 21
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Mar 21 Dec 20 Sep 20 Jun 20
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Dec 20 Dec 19 Dec 18 Dec 17
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Financial data from company earnings reports.

Financial report summary

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Management Discussion
  • Net income — Net income for the 2021 first quarter was $72.2 million, a decrease of $32.9 million, or 31.3% compared to the same period in the prior year. Our Net income is primarily driven by Net interest income, which is the spread between costing yields on debt, and the yields earned on advances, mortgage-backed securities, and other investments. Interest rates remain very low, adversely impacting net interest income. Non-interest income declined by $40.3 million compared with the first quarter of 2020, driven primarily by a decline on the fair values of derivatives and interest accruals on economic hedges.
Content analysis
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Readability
8th grade Avg
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Proxies

No filings