HOME ABOUT US MEMBERS BUSINESS LINES Credit Products Housing & Community Lending Programs Mortgage Asset Program Correspondent Services COMMUNITY CAREERS NEWS EVENTS FINANCIAL INTELLIGENCE LOGIN CORRESPONDENT SERVICES Keep Your Expenses in Check with the FHLBNY’s Correspondent Services The FHLBNY is a provider of high quality Correspondent Services. We offer members a comprehensive array of services to help effectively manage cash positions and improve profitability. Our services provide members with a unique opportunity to consolidate many of their financial activities with one correspondent bank. The FHLBNY’s fully-integrated Correspondent Services are cost efficient, attractively priced and flexible. In addition, our correspondent services do not require compensating or reserve balances. We provide our members with “hard dollar” interest on all collected balances, not earnings credits as is the case with many correspondent banks. The FHLBNY offers the following Correspondent Services: DEPOSIT PROGRAMS 1LINK® FUNDS TRANSFER SETTLEMENT SECURITIES SAFEKEEPING 1Link® FHLBNY’s secure online banking system designed just for members LOG INTO 1LINK® Overnight Investment Account (OIA) The OIA, which is the primary transaction account for members, is one of the most important cash management tools the FHLBNY offers. It is a concentrated account in which all collected balances earn interest daily. Benefits: Interest is calculated and paid daily on an actual/actual basis No reserve or compensating balances are required All transactions can be monitored through 1Link®, our secure internet banking system Account types include: Custodial Mortgage, Reserve, Accommodation, IBE, Mortgage Partnership Finance (MPF®) and Member Guaranty. Term Deposits The FHLBNY’s Term Deposit Program is similar to the OIA except it pays competitive rates to members with longer term investment needs, providing them with fixed-rate maturities from 14 to 365 days. For more information, please contact us at (201) 356-1200. Deposit Rates The OIA pays interest based upon a member’s collected end of day balance. To obtain rate information specific to your account, you may reference the Combined Daily Advice. To receive term deposit rates daily via email, sign up for the daily rate indications sheet or contact our Credit Services Representatives at (212) 441-6600. FEDERAL HOME LOAN BANK OF NEW YORK 101 PARK AVENUE • NEW YORK, NY 10178 70 HUDSON STREET • JERSEY CITY, NJ 07302 Contact Us Become a Member 1Link® Login Careers © 2021 Federal Home Loan Bank of New York. All rights reserved. General Terms and Conditions of Use | Privacy Policy | Sitemap