# EDGAR Filing Document

**Accession Number:** 0001329842
**File Stem:** 0001654954-25-013295
**Filing Date:** 2025-11
**Character Count:** 21188
**Document Hash:** 05b0a165a365ffa251ab4ed5883ca850
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001654954-25-013295.hdr.sgml**: 20251119

**ACCESSION NUMBER**: 0001654954-25-013295

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20251119

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Submission of Matters to a Vote of Security Holders

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251119

**DATE AS OF CHANGE**: 20251119

**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:** 251498864

**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): November 19, 2025**

____________________________

---

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

---

____________________________

---

| | | |
|:---|:---|:---|
| **Federally Chartered Corporation** | **000-51397** | **13-6400946** |
| **(State or Other Jurisdiction**<br>**of Incorporation)** | **(Commission 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):

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

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

☐ 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:

---

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

---

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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

(d) On November 19, 2025, the Federal Home Loan Bank of New York ("FHLBNY") announced as follows:

1. Mr. David Hanrahan, President & CEO, Century Savings Bank, Vineland, New Jersey, was elected by the FHLBNY's eligible New Jersey members to serve as a Member Director on the FHLBNY's Board of Directors representing FHLBNY members in New Jersey for a four-year term commencing January 1, 2026 and ending December 31, 2029;

2. Mr. José R. Fernández, Chairman, President & CEO, Oriental Bank, San Juan, Puerto Rico, was re-elected by the FHLBNY's eligible members in Puerto Rico and the U.S. Virgin Islands to serve as a Member Director on the FHLBNY's Board of Directors representing FHLBNY members in Puerto Rico and the U.S. Virgin Islands for a four-year term commencing January 1, 2026 and ending December 31, 2029; and

3. Eligible members from throughout the FHLBNY's membership district (New Jersey, New York, Puerto Rico and the U.S. Virgin Islands) re-elected Ms. Josie J. Thomas, former CBS/Viacom senior executive, to serve as an Independent Director on the Board for a term of four years commencing January 1, 2026 and ending December 31, 2029. (For the remainder of this report, Mr. Hanrahan, Mr. Fernández, and Ms. Thomas will collectively be referred to as the "Elected Directors").

A copy of a report being sent to FHLBNY stockholders providing detailed information about this matter, including biographical information about the Elected Directors, is attached as Exhibit 99.1.

The election took place in accordance with the rules governing the election of Federal Home Loan Bank directors contained in the Federal Home Loan Bank Act and in the related regulations of the Federal Housing Finance Agency ("FHFA"), the regulator of the Federal Home Loan Banks. As of the time of this filing, none of the Elected Directors has been named to serve on any committee of the Board for 2026; further, whether the Elected Directors are expected to be formally named to serve on any committee of the Board for 2026 has not yet been determined. (Mr. Fernández and Ms. Thomas currently serve on the Board and their terms each expire on December 31, 2025. Mr. Fernández presently serves on the Board's Compensation and Human Resources, Risk, and Technology Committees; Ms. Thomas presently serves on the Board's Compensation and Human Resources (Vice Chair), Corporate Governance and External Affairs, and Strategy and Business Committees.)

Compensation of all Directors, including the Elected Directors, in 2026 will be in accordance with a 2026 FHLBNY Director Compensation Policy, which is expected to be approved by the Board at its November 2025 Meeting. The 2026 Policy will be included in the FHLBNY's next Form 10-K to be filed with the SEC.

**Item 5.07 Submission of Matters to a Vote of Security Holders.**

The Elected Directors discussed in Item 5.02 of this Current Report on Form 8-K were not elected during the course of any annual or special meetings of the FHLBNY's security holders, or as the result of a proxy solicitation. They were elected, in accordance with FHFA regulations, by direct vote of the FHLBNY's eligible security holders. For each open seat, eligible security holders were given the opportunity to cast their votes in favor of a candidate running for the open seat. Security holders did not have the option to cast a vote against a particular candidate, or to cast an 'abstaining' vote.

With regard to the election held to fill the open Member Director seat representing New Jersey members, 85 FHLBNY members in New Jersey were eligible to vote. Of this number, 40 members voted, representing 47.06% of total eligible voting participants. The total number of eligible votes that could be cast for the open New Jersey Member Director seat was 2,909,175. Mr. Hanrahan received 1,473,004 votes. In addition, also on the New Jersey Member Director ballot was incumbent FHLBNY director, Mr. Gerald Reeves, Director, Sturdy Savings Bank, Cape May Court House, New Jersey, who received 301,484 votes.

Regarding the election held to fill the open Member Director seat representing Puerto Rico and U.S. Virgin Islands members, 20 FHLBNY members in Puerto Rico and the U.S. Virgin Islands ("Puerto Rico/USVI") were eligible to vote. Of this number, 9 members voted, representing 45% of total eligible voting participants. The total number of eligible votes that could be cast for the open Puerto Rico/USVI Member Director seat was 206,963. Mr. Fernández received 151,350 votes. Additionally, Mr. Raymond Fournier, President & CEO, Guardian Insurance Company Inc., St. Thomas, USVI, was also on the Puerto Rico/USVI Member Director ballot. He received 48,742 votes.

With regard to the election held to fill the open Independent Director seat, 332 FHLBNY members were eligible to vote. Of this number, 109 members voted, representing 32.83% of total eligible voting participants. The total number of eligible votes that could be cast for the open Independent Directorship was 14,100,028. To be elected as an Independent Director, the candidate needed to receive at least 20 percent of the total number of eligible votes (i.e., 2,820,006 votes). Ms. Thomas passed this threshold as she received 6,104,068 votes, representing 43.29% of the total number of eligible votes.

**Item 8.01 Other Events.**

On November 19, 2025, the FHLBNY issued a November 2025 Director Election Report to FHLBNY security holders announcing election results for the New Jersey Member Director, Puerto Rico/USVI Member Director, and districtwide Independent Director seats up for election in 2025. A copy of the Report is attached as Exhibit 99.1.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit**<br>**Number** | **Description** |
| [99.1](fhlbny_ex991.htm) | [November 2025 Director Election Report to FHLBNY stockholders, dated November 19, 2025.](fhlbny_ex991.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**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.

---

| | | |
|:---|:---|:---|
|  | Federal Home Loan Bank of New York | Federal Home Loan Bank of New York |
| Date: November 19, 2025 | By: | /s/ Kevin M. Neylan |
|  |  | **Name:** Kevin M. Neylan  |
|  |  | **Title:** Senior Vice President and Chief Financial Officer |

---

## Exhibit 99.1

**EXHIBIT 99.1**

![](fhlbny_ex991img1.jpg)

**November 2025 Director Election Report**

November 19, 2025

Dear Stockholder:

We are pleased to announce as follows:

First, Mr. David Hanrahan, President & CEO, Century Savings Bank, Vineland, New Jersey was elected by the FHLBNY's eligible New Jersey members to serve as a Member Director on the FHLBNY's Board of Directors representing FHLBNY members in New Jersey for a four-year term commencing January 1, 2026 and ending December 31, 2029.

With regard to the election to fill this open New Jersey Member Director seat, 85 New Jersey members were eligible to vote. Of this number, 40 members voted, representing 47.06% of total eligible voting participants. The total number of eligible votes that could be cast for this Member Director seat was 2,909,175. Mr. Hanrahan received 1,473,004 votes.

In addition, also on the New Jersey Member Director ballot was incumbent FHLBNY director, Mr. Gerald Reeves, Director, Sturdy Savings Bank, Cape May Court House, New Jersey. He received 301,484 votes.

Next, Mr. José R. Fernández, Chairman, President & CEO, Oriental Bank, San Juan, Puerto Rico was re-elected by the FHLBNY's eligible Puerto Rico and U.S. Virgin Islands members ("Puerto Rico/USVI members") to serve as a Member Director on the FHLBNY's Board of Directors representing FHLBNY members in Puerto Rico and the U.S. Virgin Islands for a four-year term commencing January 1, 2026 and ending December 31, 2029.

In connection with the election to fill this open Member Director seat, 20 Puerto Rico/USVI members were eligible to vote. Of this number, 9 members voted, representing 45.00% of total eligible voting participants. The total number of eligible votes that could be cast for this Member Director seat was 206,963. Mr. Fernández received 151,350 votes.

Additionally, Mr. Raymond Fournier, President & CEO, Guardian Insurance Company Inc., St. Thomas, USVI, was also on the Puerto Rico and U.S. Virgin Islands Member Director ballot. He received 48,742 votes.

Of note, as we previously communicated to members this summer, there was no Member Director election this year for FHLBNY's New York members.

Next, eligible members from throughout the FHLBNY's membership district (New Jersey, New York, Puerto Rico and the U.S. Virgin Islands) re-elected Ms. Josie J. Thomas, Retired Executive, ViacomCBS, New York, New York, to serve as an Independent Director on the Board for a term of four years commencing January 1, 2026 and ending December 31, 2029.

FEDERAL HOME LOAN BANK OF NEW YORK **•** 101 PARK AVENUE **•** NEW YORK, NY 10178 **•** T: 212.681.6000 **•** WWW.FHLBNY.COM<br>

In connection with the election to fill this open Independent Director seat, 332 FHLBNY members were eligible to vote. Of this number, 109 members voted, representing 32.83% of total eligible voting participants. The total number of eligible votes that could be cast for this Independent Director seat was 14,100,028. To be elected as an Independent Director, Ms. Thomas needed to receive at least 20 percent of the total number of eligible votes (i.e., 2,820,006 votes). This threshold was passed by Ms. Thomas as she received 6,104,068 votes, representing 43.29% of the total number of eligible votes.

Biographical information provided by all of the Directors elected in 2025 to serve on the Board with terms commencing on January 1, 2026 is included below for your information.

Thank you for participating in this year's director election process, which was our seventh electronic election. Your contribution helps ensure strong representation on our Board of Directors for the mutual benefit of the FHLBNY and all the stockholders the FHLBNY serves.

Sincerely,

/s/

Randolph C. Snook

President and Chief Executive Officer

FEDERAL HOME LOAN BANK OF NEW YORK 2

**BIOGRAPHICAL INFORMATION REGARDING FEDERAL HOME LOAN BANK OF NEW YORK DIRECTORS WHOSE TERMS WILL COMMENCE ON**

**JANUARY 1, 2026**

**José R. Fernández** is President, Chief Executive Officer and Chairman of the Board of Directors of OFG Bancorp (OFG) and its primary subsidiary, FHLBNY member, Oriental Bank (Oriental). He also is Chairman of the Board of Directors of OFG's other major subsidiaries – Oriental Financial Services and Oriental Insurance. From 1991, when he joined Oriental, until 2004, when he was named President and CEO, Mr. Fernández managed all of the company's core businesses. (He became OFG's Vice Chairman in 2008 and Chairman in 2024.) Since leading OFG, Mr. Fernández has significantly expanded Oriental's stature and capabilities through organic growth and three major acquisitions: Puerto Rico's Eurobank in 2010, BBVA's Puerto Rico operations in 2013, and Scotiabank's Puerto Rico and US Virgin Islands operations in 2019. Starting as the 9th largest bank in 2004, Oriental has become the challenger institution among the three remaining Puerto Rico banking institutions, with No. 2 and 3 market shares in retail and commercial banking, and wealth management, respectively. In so doing, Oriental has led the local banking and financial services industry with the introduction of innovative customer-facing digital technology, providing unparalleled levels of convenience and value-added service. Mr. Fernández also devotes considerable time and effort to organizations focused on the economic, environmental and educational development of Puerto Rico. From 2015-2018, he was Chairman of the Board of Trustees of Universidad del Sagrado Corazón, one of the oldest Catholic educational institutions in Puerto Rico. From 2011-2016, Mr. Fernández served as a member of the Federal Reserve Bank of New York's Community Depository Institutions Advisory Council. From 2013-2015, he was President of the Puerto Rico Bankers Association. Since 2008, Mr. Fernández has been a member of the Business Advisory Board of the University of Notre Dame's Mendoza School of Business, and a Member of the Advisory Board of Puerto Rico Conservation Trust. In October 2020, Mr. Fernández was named a NACD Board Leadership Fellow. In November 2023, Mr. Fernandez was recognized by the American Banker magazine as the "Community Banker of the Year". Mr. Fernández holds a Bachelor of Science degree from the University of Notre Dame in South Bend, Indiana and a Master of Business Administration from the University of Michigan in Ann Arbor, Michigan. Mr. Fernández has served on the Board of Directors of the Federal Home Loan Bank of New York since 2024.

**David Hanrahan** is President and CEO of FHLBNY member Century Savings Bank, a mutual institution headquartered in Vineland, New Jersey. He has been a community banker in South Jersey for more than 35 years. Prior to joining Century in 2020, Mr. Hanrahan was the founding President and CEO of Capital Bank of New Jersey from its 2006 beginning as a de novo in organization to its sale to OceanFirst Bank in 2019. Prior to Capital, he spent 16 years at The Bank of Gloucester County, now part of Fulton Financial Corporation. Mr. Hanrahan is Vice-Chairman of the ABA Foundation Board, and he serves on the Boards of Directors of two New Jersey Bankers Association-affiliated organizations, Bankers Cooperative Group, Inc. and NJBankers Business Services. He is also a member of the Federal Reserve Bank of Philadelphia's CDIAC. In the past he has served as a member of the FDIC's Advisory Committee on Community Banking, the FDIC's Subcommittee on Supervision Modernization, the Board of Atlantic Community Bankers Bank, the Rutgers University School of Business - Camden Dean's Leadership Council, and the ABA Community Bankers Council. Mr. Hanrahan is past Board President of the Cumberland County Habitat for Humanity and past Chairman of the ABA Community and Economic Development Committee. He's a member of the Vineland Rotary Club, of The CEO Group and of Tenth Presbyterian Church in Philadelphia. Mr. Hanrahan holds a B.S. in Accounting from Rutgers University School of Business - Camden. He is also a graduate of the American Bankers Association's (ABA's) Stonier Graduate School of Banking. Mr. Hanrahan has been a speaker at numerous professional events, including those hosted by the FDIC, the Federal Reserve Bank of St. Louis, the Conference of State Bank Supervisors, Rutgers University, and Habitat for Humanity International.

FEDERAL HOME LOAN BANK OF NEW YORK 3

**Josie J. Thomas** was an Executive Vice President at CBS Corporation (later CBS) beginning in 2014 through February 2020 and served on CBS's senior leadership team for more than 20 years. She was also an advisor to senior management at ViacomCBS Inc. prior to her retirement in August 2020. Among other functions, Ms. Thomas managed budgets across functions and worked closely with business units with a focus on efficiencies across the enterprise. Previously, Ms. Thomas served as head of Business Affairs for CBS News where, as an attorney, she was the principal negotiator of content expansion and talent contracts. Ms. Thomas also transformed the CBS News archives into a profit center. Additionally, Ms. Thomas has served on the Board of Directors of the Federal Home Loan Bank of New York (FHLBNY) as an Independent Director since 2022. Ms. Thomas is a graduate of Harvard University with honors and received a J.D. degree from the University of California, Berkeley, School of Law. Ms. Thomas has been a member of the New York State Bar since 1984 and began her legal career specializing in litigation and intellectual property law before joining CBS as Broadcast Counsel in 1986. Her leadership at nonprofit organizations is wide ranging and included positions as Treasurer and National Board Executive Committee member of the Alliance for Women in Media, with audit, risk assessment and governance responsibilities, where she served on its Foundation board ending in 2024. She was Chair of the Grants, Education and Policy Committee of Komen NYC Race for the Cure and Chair of the NAACP Spingarn Award committee in 2010 and again in 2018. She was also Board Chair of the Institute for Advanced Journalism Studies at North Carolina A&T, and served on the Board of Visitors of Howard University's School of Communications from 2005 to 2022. Ms. Thomas has received numerous awards and honors, including the Congressionally recognized Ellis Island Medal of Honor, and was recognized by the Financial Times in 2021. Ms. Thomas' legal, regulatory and organizational management experience supports her qualifications to continue serving on FHLBNY's Board as an Independent Director.

FEDERAL HOME LOAN BANK OF NEW YORK 4