Federal Home Loan Bank of New York

The Federal Home Loan Bank of New York is one of 11 regional banks in the Federal Home Loan Bank System, a U.S. government-sponsored enterprise created by Congress in 1932. It is a cooperatively-owned wholesale bank, with its members comprising commercial banks, savings institutions, credit unions, and insurance companies. The FHLBNY's core mission is to provide a reliable source of liquidity to its members to support housing finance, affordable housing, and community investment, without using taxpayer dollars. It fulfills this mission by offering low-cost funding (advances), credit products, and other correspondent services to its member institutions.