Federal Home Loan Bank of New York

What Federal Home Loan Bank of New York does

Federal Home Loan Bank of New York (FHLBNY) is a congressionally chartered, cooperatively owned wholesale bank and government-sponsored enterprise (GSE) within the Federal Home Loan Bank System, established in 1932. It provides liquidity, advances, and housing/community development funding to 337 member financial institutions across New York, New Jersey, Puerto Rico, the U.S. Virgin Islands, and other markets as of March 31, 2026. Members include banks, thrifts, credit unions, CDFIs, housing associates, and insurance companies; they simultaneously act as customers, capital-stock owners, and (via an 11-member elected board) governance participants.

Its product portfolio is anchored in credit products (advances from overnight to 30 years at fixed, variable, and adjustable rates; SOFR-linked advances; Callable ARCs; Letters of Credit), the Mortgage Asset Program (MAP) secondary-market outlet, correspondent banking services, and a layered set of housing and community lending programs (Affordable Housing Program, Homebuyer Dream Program, Community Investment Program, Urban/Rural Development Advances, Disaster Relief Funding, 0% Development Advance, and Small Business Recovery Grants). Distribution runs through dedicated relationship managers, a Member Services Desk, and digital platforms including FHLBNY Access and 1Link. The bank carries Aa1/AA+ credit ratings equivalent to U.S. Government ratings and reported $176.66B in assets and $110.24B in advances outstanding at March 31, 2026, with Q1 2026 dividend declared at 7.50% annualized.

FHLBNY monetizes primarily via net interest spread on the advances book, with secondary transaction-fee revenue from MAP and a small ancillary stream from the Advance Rebate Program that operates as a member-retention mechanism rather than a profit center. Pricing is quote-based, relationship-driven, and not publicly disclosed. Net income of $159.7M in Q3 2025 was down 12.9% year-over-year, while 2025 saw record community-development capital deployment, including $86.3M in AHP subsidies, $150M+ in total community support, and a $225M NYC affordable-housing bond investment. Recent strategic posture emphasizes geographic extension into Puerto Rico credit unions, product-surface enhancements (Callable ARC), and deepening partnerships with regulators and housing finance counterparties.

Name

Federal Home Loan Bank of New York

Legal name

Federal Home Loan Bank of New York

Website

https://fhlbny.com

Company type

Private

Founded year

1932

Operating status

Operating

Headcount range

251–500 employees

Short description

Federal Home Loan Bank of New York is a congressionally chartered, cooperatively owned wholesale bank providing liquidity, advances, and housing/community development funding to 337 member financial institutions across New York, New Jersey, Puerto Rico, and the U.S. Virgin Islands.

Ownership category

akta.pro rank

Product category

Wholesale Banking (Housing Finance GSE)

NAICS

Credit Intermediation and Related Activities (522), Depository Credit Intermediation (5221)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Government-Sponsored Enterprises (GSEs) & Government Mortgage Liquidity Providers (FSALAKAC)

akta.pro secondary industries

Public Mortgage Insurance & Government Credit Guarantee Programs (FSALAKAD), Construction & Development (C&D) Lending — Commercial/Multifamily (FSALADAH)

Keywords

• Wholesale banking services
• Member liquidity advances
• Housing finance GSE
• Community development lending
• Mortgage purchase programs

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Advances (Wholesale Lending): FHLBNY provides advances (loans) to member financial institutions at competitive rates, ranging from overnight to 30-year terms with fixed, variable, and adjustable rate options. These advances serve as a key source of liquidity for members to fund mortgage lending and community development.
2. Mortgage Asset Program (MAP): Secondary market outlet for members to fund mortgages and offer fixed-rate mortgage loan products. MAP provides flexibility and transparency from operational and economic perspectives.
3. Letters of Credit: Provides letters of credit to members for collateralization purposes, including municipal deposits and other banking needs.
4. Advance Rebate Program: Provides cash rebates to members when prepaying eligible advances and rebooking new advances within 30 days, creating additional revenue opportunity through member retention.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

The Federal Home Loan Bank of New York is a congressionally chartered, cooperatively owned wholesale bank and government-sponsored enterprise (GSE) that provides secured Advances (loans), Mortgage Asset Programs, standby letters of credit, and correspondent banking products to its member commercial banks, thrifts, credit unions, CDFIs, housing associates, and insurance companies. It complements these credit products with Affordable Housing, Community Investment, and Disaster Relief Programs that subsidize member lending for low- and moderate-income housing, small businesses, and community recovery.

Product overview

Federal Home Loan Bank of New York is a wholesale bank providing a comprehensive suite of financial products and programs to its member institutions. The core offerings include Credit Products (advances from overnight to 30 years at fixed/variable/adjustable rates) and the Mortgage Asset Program (MAP®) for secondary mortgage market access. The bank operates Housing & Community Lending Programs including the Affordable Housing Program (AHP), Homebuyer Dream Program® Suite, Community Investment Program, Urban Development Advance, Rural Development Advance, Disaster Relief Funding, and the 0% Development Advance (ZDA) Program. Additional offerings include Letters of Credit, Callable Adjustable Rate Credit Advances, SOFR-Linked Advances, and Correspondent Services. The bank also provides technology platforms including FHLBNY Access (internet banking) and 1Link® for member transactions. Education Programs support member professional development.

Differentiator

Problem solved

Functional benefit

Brands

• MAP® (Mortgage Asset Program): Secondary market outlet for members to fund mortgages and offer fixed-rate mortgage loan products
• ZDA (0% Development Advance) Program
• AHP (Affordable Housing Program)
• HDP (Homebuyer Dream Program® Suite)
• SBRG (Small Business Recovery Grant Program)
• CLP (Community Lending Programs)

Products and services

• Advances (Secured Member Loans) Secured wholesale loans (Advances) offered to member financial institutions in fixed, variable, SOFR-linked, and callable structures to support funding, liquidity, and asset/liability management.
• Callable ARC Advances Callable Advances Rate Channel (ARC) product that gives members flexibility to convert or cancel Advances at scheduled dates, providing interest-rate and funding optionality.
• SOFR-Linked ARC Advances ARC-structured Advances indexed to the Secured Overnight Financing Rate (SOFR) to align with post-LIBOR market conventions.
• Standby Letters of Credit Standby letters of credit issued to eligible members, often used by insurance company members to meet statutory and regulatory collateral obligations.
• Mortgage Asset Program (MAP) Secondary-market mortgage purchase program through which FHLBNY acquires qualifying residential mortgage loans from participating members, providing liquidity and conforming mortgage execution.
• MAP HomeAssist Program Sub-program within MAP designed to facilitate mortgage asset purchases from smaller and community-based member lenders.
• Affordable Housing Program (AHP) Subsidy program that provides grants to members for the purchase, construction, or rehabilitation of affordable housing for low- and moderate-income households.
• Homebuyer Dream Program Suite Down-payment and closing-cost assistance programs delivered through member institutions to help low- and moderate-income households achieve homeownership.
• Community Investment Program Subsidized Advances and grants that support member lending and community investment projects in low- and moderate-income neighborhoods.
• Urban Development Advance Discounted Advance for members financing community development projects in urban low- and moderate-income areas.
• Rural Development Advance Discounted Advance for members financing community development projects in rural low- and moderate-income areas.
• 0% Development Advance (ZDA) Program Zero-interest Advance offered to CDFIs and depository institutions to support lending in low- and moderate-income communities and historically underserved areas.
• Disaster Relief Funding Funding products that provide members with low-cost Advances to support lending to communities impacted by federally declared disasters in the FHLBNY district.
• Small Business Recovery Grant Program Grant program delivered through member institutions to support small businesses recovering from economic disruption in the district.
• Correspondent Banking Services Correspondent banking services including custody, pledging, settlement, and collateral management provided to member institutions.

Quantifiable outcome

• Supported creation/rehabilitation/preservation of 6,300+ affordable housing units in NYC through $225M bond investment
• +3 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor and core.

• Cooperativa de Ahorro y Credito de LaresminorChannel Partner/ Reseller/ Distributor · 15 June 2026Newest credit union member admitted to FHLBNY, gaining access to liquidity products and community development programs.
• Cooperativa La Sagrada FamiliaminorChannel Partner/ Reseller/ Distributor · 15 June 2026First credit union in Puerto Rico admitted to FHLBNY membership, expanding access to capital for housing finance and community development programs.
• Cossec (Puerto Rico Cooperative Regulator)coreStrategic or Co-development Partner · 27 April 2026Conducted capital access summit for 57 mortgage-lending cooperatives in Puerto Rico, presenting pathway for credit unions to evaluate and apply for FHLBNY membership. Joint effort to expand cooperative access to affordable housing and community development funding.
• New York City Housing Development CorporationcoreStrategic or Co-development Partner · 18 December 2025Ongoing partnership supporting affordable housing development in New York City. FHLBNY invested $225 million in bond issuance to support creation, rehabilitation, or preservation of over 6,300 affordable housing units. The partnership has supported development of 70,000 homes over 25 years.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Federal Home Loan Bank of Cincinnati: FHLBank serving Ohio, Kentucky, and Tennessee under the same GSE charter, offering advances, MAP, and AHP. Direct structural peer with overlapping member-relationship-management model.
• Federal Home Loan Bank of Topeka: FHLBank serving Kansas, Nebraska, Oklahoma, Colorado, and New Mexico; identical cooperative advances and AHP framework, comparable in member-base size and product mix.
• Federal Home Loan Bank of Indianapolis: FHLBank covering Indiana and Michigan, offering the same cooperative advances, housing programs, and community investment products under the unified FHLB System regulatory framework.
• Federal Home Loan Bank of Atlanta: FHLBank covering the Southeast U.S. with the same cooperative advances, MAP secondary market, and AHP framework as FHLBNY; closest in product set and member profile mix.
• Federal Home Loan Bank of Pittsburgh: FHLBank serving Pennsylvania, West Virginia, and Delaware with the identical GSE-cooperative model, advances product set, and Affordable Housing Program — directly comparable in mission and balance-sheet structure.
• Federal Home Loan Bank of Dallas: FHLBank serving Texas, Louisiana, Mississippi, Alabama, and Arkansas under the unified FHLB System; same wholesale advance and community development product set.
• Federal Home Loan Bank of Des Moines: FHLBank covering Iowa, Minnesota, Missouri, North Dakota, and South Dakota; same GSE status, advances product suite, and AHP delivery model as FHLBNY.
• Federal Home Loan Bank of San Francisco: FHLBank serving the western U.S. and Pacific islands with the same GSE-cooperative model, advances, MAP, and Affordable Housing Program structure as FHLBNY.
• Federal Home Loan Bank of Boston: One of the 11 Federal Home Loan Banks, providing the same wholesale advances, MAP, and affordable housing programs to member institutions in the New England region. Direct structural and product parallel to FHLBNY.
• Federal Home Loan Bank of Chicago: FHLBank serving Illinois and Wisconsin with advances, MAP, and Affordable Housing Programs; same GSE-cooperative structure and member-driven governance as FHLBNY.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/federal-home-loan-bank-of-new-york

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments12 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Federal Home Loan Bank of New York