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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

11 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
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Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
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Financial report summary

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Management Discussion
  • Net income — Net income for 2022 second quarter was $76.3 million, an increase of $1.6 million, or 2.2 percent, compared to the same period in the prior year. Our Net income is primarily driven by Net interest income, which is the spread between yields earned on advances, mortgage-backed securities, and other investments and the costing yields on debt. Advance balances have increased steadily during the second quarter despite the increase in volatility. Members’ demand for advances have increased driven by less available liquidity as a result of monetary policy actions. Non-interest income decreased by $5.7 million compared with same period in 2021, driven primarily by a decrease in the value of equity investments held to finance payments to retirees in the non-qualified pension plan in line with declines in equity markets. Other expenses were lower by $5.6 million, at $46.6 million.

Content analysis

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8th grade Avg
New words: abating, comment, Con, country, deadline, energy, examine, FINRA, headcount, linked, listening, monetary, Sandra, slight, slower, steadily, Sterling, studying, testimony, Thompson, tribution, Webster
Removed: accreted, begun, compression, comprising, exempted, hypothetical, impose, indirect, multiemployer, phased, rollforward, superseding
Proxies
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