Corporate Governance

The Federal Home Loan Bank of New York (FHLBNY), like all the other Federal Home Loan Banks, is governed by a Board of Directors, comprising Member Directors (who consist of officers and directors of member institutions) and Independent Directors (who are not affiliated with member institutions). Member Directors are elected by the FHLBNY's membership on a statewide basis; Independent Directors are elected by the FHLBNY's membership on a districtwide basis. The FHLBNY also has a Housing Advisory Council, which reports annually to the Federal Housing Finance Agency on the FHLBNY’s low-income housing activities. The advisory council consists of members from community-based non-profit organizations to advise on the low-income housing needs of our district.

About the FHLBNY's Director Elections

The FHLBNY has announced the results of the election for five positions on the FHLBNY’s Board of Directors whose terms commenced on January 1, 2018. 

"The depth and breadth of our Board is one of the greatest strengths of our cooperative – providing management with key insight into the needs of our members and the communities we serve," said José R. González, president and CEO of the FHLBNY. "My colleagues and I at the FHLBNY will continue to work closely with all of our Directors to ensure that the cooperative remains a reliable strategic partner for our members."

The specific results of the election, which took place on November 6, 2017, may be viewed at this press release.

Corporate Governance Guidelines of the FHLBNY

The Board of Directors (Board) of the FHLBNY, acting on the recommendation of its Corporate Governance and External Affairs Committee, has adopted a set of guidelines in furtherance of its continuing efforts to enhance its corporate governance. 

View Corporate Governance Guidelines
as of March 2017

 

FHLBNY Board Committee Charters & Roster

2018 Board of Directors
as of January 2018

 

2018 Board Committee Roster
as of January 2018

Executive Committee Charter
as of March 2017

 

Audit Committee Charter
as of March 2017

Compensation and Human Resources Committee Charter
as of March 2017

 

Corporate Governance and External Affairs Committee Charter
as of March 2017

Housing Committee Charter
as of March 2017

 

Strategic Planning Committee Charter
as of March 2017

Risk Committee Charter
as of March 2017

 

Technology Committee Charter
as of March 2017

Other Important FHLBNY Documents and Information

Bylaws
as of February 2016

 

Restated Organization Certificate
as of December 2005

Code of Business Conduct and
Ethics

as of December 2017

 

Reporting Ethics Violations

Regulations Regarding Responsibilities of Boards of Directors, Corporate Practices and Corporate Governance Matters
as of December, 2015

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