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 Election

In General
Election Announcement packages containing nomination certificates and other related information regarding the 2019 Director election process were electronically transmitted to all eligible stockholders in our district on June 28, 2019. Two Member Director seats representing New York and two districtwide Independent Director seats will be up for election later this year for four-year terms that will each begin on January 1, 2020. A list of key dates in this year’s election is available here: 
List of Key 2019 Election Dates.

Regarding Board Diversity
The FHLBNY’s Board of Directors consists of a talented group of dedicated individuals that benefits from, among other things, demographic (including gender and racial) diversity, and we expect that this will continue in the future. When considering potential nominations for Member Directorships and persons who might be interested in Independent Directorships, the FHLBNY suggests that diversity be kept in mind. 

For more information, director election questions can be sent to the General Counsel.

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 2019

 

FHLBNY Board Committee Charters & Roster

2019 Board of Directors
as of January 2019

 

2019 Board Committee Roster
as of January 2019

Executive Committee Charter
as of March 2019

 

Audit Committee Charter
as of March 2019

Compensation and Human Resources Committee Charter
as of Mar 2019

 

Corporate Governance and External Affairs Committee Charter
as of March 2019

Housing Committee Charter
as of March 2019

 

Strategic Planning Committee Charter
as of March 2019

Risk Committee Charter
as of March 2019

 

Technology Committee Charter
as of March 2019

Other Important FHLBNY Documents and Information

Bylaws
as of March 2019

 

Restated Organization Certificate
as of December 2005

Code of Business Conduct
and Ethics

as of December 2018
Explanation of the Changes to the Code of Business Conduct and Ethics

 

Reporting Ethics Violations

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