# EDGAR Filing Document

**Accession Number:** 0001329842
**File Stem:** 0001654954-25-006768
**Filing Date:** 2025-6
**Character Count:** 12248
**Document Hash:** 80032a938a7e2ea5baf9b245b887906d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001654954-25-006768.hdr.sgml**: 20250610

**ACCESSION NUMBER**: 0001654954-25-006768

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20250610

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250610

**DATE AS OF CHANGE**: 20250610

**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:** 251036083

**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): June 10, 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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________________________

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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.)** |

---

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

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**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))

☐&nbsp;&nbsp;&nbsp;&nbsp; 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 8.01 Other Events.**

Each month the Chief Executive Officer of the Federal Home Loan Bank of New York ("FHLBNY") issues a 'Report from the President' (the "Report") to each shareholder. Such Reports may contain information that may be important to security holders. A copy of the Report to shareholders for the month of May 2025 issued on June 10, 2025 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 President's Report dated June 10, 2025.](fhlbny_ex991.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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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: June 10, 2025 | By: | /s/ Kevin M. Neylan  |
|  |  | **Name:** Kevin M. Neylan  |
|  |  | **Title:** Senior Vice President and Chief Financial Officer |

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3<br>

## Exhibit 99.1

**EXHIBIT 99.1**

June 10, 2025

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| | |
|:---|:---|
| TO: | All Stockholders |
|  | (Addressed Individually) |
| SUBJECT:  | Report from the President |

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**The Silent Stabilizer of the Banking System**

In mid-May, stakeholders from across the Federal Home Loan Bank System gathered in Washington, D.C. for the 2025 FHLBank System Directors Conference, an annual event that draws directors and senior management teams from all 11 Home Loan Banks to our nation's capital to discuss the current and future state of our System. As part of this event, the Home Loan Banks are grateful for the opportunity to hear directly from legislative and regulatory leaders on their views of our cooperatives, from how we are executing on our foundational liquidity mission to our impact in the communities we serve and on broader financial stability.

On the closing day of the Conference, I was honored to speak with Representative Ritchie Torres (NY-15), the Bronx Congressman who serves on the House Committee on Financial Services. In our conversation, Congressman Torres referred to the Federal Home Loan Banks as "the silent stabilizer of the banking system", noting that "most Americans are not aware of the Federal Home Loan Bank System, but we all benefit from it." This is driven by the reliable access to liquidity that we provide to our members – the local lenders serving customers throughout the Bronx and throughout the nation. Congressman Torres highlighted the critical role of these local lenders in ensuring that the most vulnerable do not get left behind, stating the importance of these institutions to communities like those he serves in the Bronx. "Access to banking is a fundamental right in the modern world," said Congressman Torres. "None of us can function or flourish without access to banking."

**A Foundational Role**

The impact of our mission is recognized by both legislators and regulators alike. The keynote speaker on the first day of the 2025 Directors Conference was Acting Comptroller of the Currency Rodney E. Hood. Mr. Hood, who previously served as Chairman of the National Credit Union Administration Board and in his current role leading the OCC also serves as an FDIC Director and a member of both the Financial Stability Oversight Council and the Federal Financial Institutions Examination Council, is as tuned into our nation's financial system as anyone – which is why we were grateful to hear that Mr. Hood considers the Federal Home Loan Bank System as being "foundational to a healthy financial ecosystem."

**Transformative Power**

In his remarks, Acting Comptroller Hood – who also previously served as a member of the Board of Directors of the Federal Home Loan Bank of Atlanta – highlighted the "transformative power" of the Federal Home Loan Banks, and our "enduring role" in enabling financial institutions of all sizes to better serve communities and expand access to homeownership. As we enter National Homeownership Month, we also recognize the transformative power that a stable home provides – that true foundation from which individuals, households and communities grow stronger.

On June 9, we launched our 2025 Zero-Percent Development Advance ("ZDA") Program with more than $7 million in interest-rate credits allocated to this year's Round, offered with a per-member cap of $250,000 to ensure equitable access across our cooperative. The ZDA Program provides members with subsidized funding in the form of these interest-rate credits to support the origination or purchase of loans and investments that meet the eligibility criteria under the Business Development Advance, Infrastructure Development Advance, Climate Development Advance and/or Tribal Development Advance products within the ZDA Program. For the 2025 Round, we have expanded the ZDA Program to feature the new Housing Development Advance, which is designed to assist members in originating or purchasing loans that support the pre-development or acquisition phases of affordable housing projects.

We have seen strong member participation in each round of the ZDA Program since its initial launch in 2023 – as we continue to see with our Affordable Housing Program and Homebuyer Dream Program suite, which are funded directly from our earnings each year and for which we have announced record amounts of available grant dollars this year. Our foundational mission is to provide our members with a reliable source of liquidity, which supports your local lending efforts and positions our cooperative to make the broadest possible impact in the communities we serve. But we are also grateful to work alongside our members and housing partners on the products and programs we offer to support homeownership and affordable housing opportunities across our District and beyond. These offerings are funded by our earnings and incorporated into our strategy, reflecting a commitment to strengthening communities that runs through our entire cooperative. And each relies on the participation of our members and housing partners, working together to the benefit of so many.

In our conversation, Congressman Torres expressed his belief that our country's diversified and resilient financial system – comprised of institutions small and large, local and global – provides America with a significant strategic advantage on the world stage. Whether through the delivery of reliable liquidity or offering dependable grant funding, the FHLBNY, as a member of our critical Federal Home Loan Bank System, is proud to contribute to this advantage, and remain foundational to our country's financial ecosystem.

Sincerely,

Randolph C. Snook

President and Chief Executive Officer

**Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995**<br>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.<br>