# EDGAR Filing Document

**Accession Number:** 0001329842
**File Stem:** 0001654954-25-008360
**Filing Date:** 2025-7
**Character Count:** 12319
**Document Hash:** bc5bdbc31f6dc91ee1c3d001a67f4607
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001654954-25-008360.hdr.sgml**: 20250723

**ACCESSION NUMBER**: 0001654954-25-008360

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20250723

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250723

**DATE AS OF CHANGE**: 20250723

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federal Home Loan Bank of New York
- **CENTRAL INDEX KEY:** 0001329842
- **STANDARD INDUSTRIAL CLASSIFICATION:** FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 136400946
- **STATE OF INCORPORATION:** X1
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-51397
- **FILM NUMBER:** 251142720

**BUSINESS ADDRESS:**
- **STREET 1:** 101 PARK AVENUE, 6TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10178
- **BUSINESS PHONE:** 212-681-6000

**MAIL ADDRESS:**
- **STREET 1:** 101 PARK AVENUE, 6TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10178

?xml version='1.0' encoding='ASCII'? fhlbny_8k.htm

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

_____________________________

**FORM 8-K** 

_____________________________

**CURRENT REPORT** 

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934** 

**Date of Report (Date of earliest event reported): July 23, 2025**

_____________________________

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| |
|:---|
| **Federal Home Loan Bank of New York** |
| **(Exact name of Registrant as Specified in Its Charter)**  |

---

_____________________________

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| | | |
|:---|:---|:---|
| **Federally Chartered Corporation** | **000-51397** | **13-6400946** |
| **(State or Other Jurisdiction**<br>**of Incorporation)** | **(Commission**<br>**File Number)** | **(IRS Employer**<br>**Identification No.)** |

---

---

| | |
|:---|:---|
| **101 Park Avenue,**<br>**New York, New York** | **10178-0599** |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

---

**Registrant's Telephone Number, Including Area Code: (212) 441-6616**

**Not Applicable** 

**(Former Name or Former Address, if Changed Since Last Report)** 

_____________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐&nbsp;&nbsp;&nbsp;&nbsp; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| None | N/A | N/A |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 2.02 Results of Operations and Financial Condition.**

**Item 8.01 Other Events.**

On July 23, 2025, the Federal Home Loan Bank of New York ("FHLBNY") issued a Press Release regarding among other information, unaudited financial results for the quarter ended June 30, 2025. A copy of the FHLBNY's Press Release is attached hereto as Exhibit 99.1.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits.

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| | |
|:---|:---|
| **Exhibit**<br>**Number** | **Description** |
| [99.1](fhlbny_ex991.htm) | [FHLBNY Press Release, dated July 23, 2025, regarding the quarter ended June 30, 2025.](fhlbny_ex991.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

2<br>

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | Federal Home Loan Bank of New York | Federal Home Loan Bank of New York |
| Date: July 23, 2025 | By: | /s/ Kevin M. Neylan  |
|  |  | **Name:** Kevin M. Neylan  |
|  |  | **Title:** Senior Vice President and Chief Financial Officer |

---

3<br>

## Exhibit 99.1

**EXHIBIT 99.1**

![](fhlbny_ex991img4.jpg)

FOR IMMEDIATE RELEASE July 23, 2025 CONTACT: Brian Finnegan (212) 441-6877 brian.finnegan@fhlbny.com

**FEDERAL HOME LOAN BANK OF NEW YORK** 

**ANNOUNCES SECOND QUARTER 2025 OPERATING HIGHLIGHTS**

New York, NY – The Federal Home Loan Bank of New York ("FHLBNY") today released its unaudited financial highlights for the quarter ended June 30, 2025.

"Throughout the first half of 2025, the Federal Home Loan Bank of New York has continued to provide stable, reliable and low-cost funding to our members in support of their lending activities across our region and beyond," said Randolph C. Snook, president and CEO of the FHLBNY. "Our second quarter results reflect our ongoing dedication to executing on this foundational purpose. Providing members with on-demand access to our liquidity helps extend credit to and reduce borrowing costs for the consumer and supports the creation of attainable homeownership opportunities. This is our mission, on which we have continued to deliver this year."

Highlights from the second quarter of 2025 include:

· Net income for the quarter was $153.1 million, a decrease of $28.2 million, or 15.6%, from net income of $181.3 million for the second quarter of 2024. Net interest income for the quarter was $214.5 million, a decrease of $33.2 million, or 13.4%, from $247.7 million in the second quarter of last year. The decrease in net interest income was driven by a decrease in market interest rates and a decrease in average advances balances from the prior year period. Non-interest income increased by $2.1 million, or 12.3%, to $19.4 million from the second quarter of 2024.

· Return on average equity ("ROE") for the quarter was 7.20% (annualized), compared to ROE of 8.54% for the second quarter of 2024.

· As of June 30, 2025, total assets were $167.8 billion, an increase of $7.5 billion, or 4.7%, from total assets of $160.3 billion at December 31, 2024. As of June 30, 2025, advances (par amount) were $104.9 billion, a decrease of $1.6 billion, or 1.5%, from $106.5 billion at December 31, 2024.

· Total capital was $8.4 billion as of both June 30, 2025 and December 31, 2024, as a decrease in capital stock, aligned with the decrease in advances balances, was offset by an increase in retained earnings. The FHLBNY's retained earnings were $2.6 billion as of June 30, 2025; $1.3 billion of the retained earnings were unrestricted and $1.3 billion were restricted. At June 30, 2025, the FHLBNY was in compliance with its regulatory capital ratios and liquidity requirements.

· The FHLBNY allocated $17.0 million from its second quarter 2025 earnings for its Affordable Housing Program. The FHLBNY set aside an additional $4.2 million from the quarter's earnings for voluntary contributions to affordable housing and community development initiatives.

The FHLBNY expects to file its Form 10-Q for the second quarter of 2025 with the U.S. Securities and Exchange Commission on or before August 7, 2025.

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| | | | |
|:---|:---|:---|:---|
| **Selected Balance Sheet Items (dollars in millions)** |  |  |  |
|  | **June 30,** | **December 31,** |  |
|  | **2025** | **2024** | **Change** |
| Advances | $104720 | $105838 | $(1118) |
| Mortgage loans held for portfolio | 2459 | 2345 | 114 |
| Mortgage-backed securities | 19961 | 19397 | 564 |
| Liquidity assets | 38143 | 30344 | 7799 |
| Total assets | $167779 | $160300 | $7479 |
| Consolidated obligations | $154520 | $148411 | $6109 |
| Capital stock | 5962 | 6014 | (52) |
| Unrestricted retained earnings | 1280 | 1286 | (6) |
| Restricted retained earnings | 1271 | 1209 | 62 |
| Accumulated other comprehensive income (loss) | (88) | (100) | 12 |
| Total capital | $8424 | $8410 | $14 |
| Capital-to-assets ratio (GAAP) | 5.02% | 5.25% |  |
| Capital-to-assets ratio (Regulatory)  | 5.08% | 5.31% |  |

---

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Operating Results (dollars in millions)** |  |  |  |  |  |  |
|  | **Three Months Ended**<br> **June 30,** | **Three Months Ended**<br> **June 30,** |  | **Six Months Ended**<br> **June 30,** | **Six Months Ended**<br> **June 30,** |  |
|  | **2025** | **2024** | **Change** | **2025** | **2024** | **Change** |
| Total interest income | $1895.8 | $2283.4 | $(387.6) | $3717.3 | $4599.4 | $(882.1) |
| Total interest expense | 1681.3 | 2035.7 | (354.4) | 3287.8 | 4086.7 | (798.9) |
| Net interest income | 214.5 | 247.7 | (33.2) | 429.5 | 512.7 | (83.2) |
| Provision (Reversal) for credit losses | (0.1) | (0.3) | 0.2 | 0.1 | (0.8) | 0.8 |
| Net interest income after provision for credit losses | 214.6 | 248.0 | (33.4) | 429.4 | 513.5 | (84.0) |
| Non-interest income (loss) | 19.4 | 17.3 | 2.1 | 40.1 | 53.1 | (13.0) |
| Non-interest expense | 63.9 | 63.8 | 0.1 | 126.4 | 120.1 | 6.3 |
| Affordable Housing Program assessments  | 17.0 | 20.2 | (3.2) | 34.4 | 44.7 | (10.4) |
| Net income | $153.1 | $181.3 | $(28.2) | $308.7 | $401.8 | $(92.9) |
| Return on average equity | 7.20% | 8.54% |  | 7.39% | 9.55% |  |
| Return on average assets | 0.36% | 0.43% |  | 0.38% | 0.48% |  |
| Net interest margin | 0.51% | 0.60% |  | 0.53% | 0.61% |  |

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Federal Home Loan Bank of New York

The Federal Home Loan Bank of New York is a Congressionally chartered, wholesale Bank. It is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned banks. As of June 30, 2025, the FHLBNY serves 334 financial institutions in New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands. The mission of the FHLBNY is to provide members with reliable liquidity in support of housing and local community development.

**# # #**

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

This report may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. These statements may use forward-looking terms, such as "projected," "expects," "may," or their negatives or other variations on these terms. The Bank cautions that, by their nature, forward-looking statements involve risk or uncertainty and that actual results could differ materially from those expressed or implied in these forward-looking statements or could affect the extent to which a particular objective, projection, estimate, or prediction is realized. These forward-looking statements involve risks and uncertainties including, but not limited to, the Risk Factors set forth in our Annual Reports on Form 10-K and our Quarterly Reports on Form 10-Q filed with the SEC, as well as regulatory and accounting rule adjustments or requirements, changes in interest rates, changes in projected business volumes, changes in prepayment speeds on mortgage assets, the cost of our funding, changes in our membership profile, the withdrawal of one or more large members, competitive pressures, shifts in demand for our products, and general economic conditions. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to revise or update publicly any forward-looking statements for any reason.