Federal Home Loan Bank of New York · New York, NY United States

Federal Home Loan Bank of New York (FHLBNY) provides funds for residential mortgages and community development to more than 300 member banks, thrifts, credit unions, and insurance companies in New York, New Jersey, Puerto Rico, and the US Virgin Islands. One of a dozen Federal Home Loan Banks in the US, it is cooperatively owned by its member institutions and supervised by the Federal Housing Finance Board. FHLBNY, like the others in the system, is privately capitalized; it receives no taxpayer funding. The bank instead raises funds by issuing debt instruments in the capital markets. To read the full description, subscribe now.