Federal Home Loan Bank of New York Commences 2021 Board Of Directors Election Process

-FHLBNY asks for nominations for five director seats-

NEW YORK, June 28, 2021 / PRNewswire / – The Federal Home Loan Bank of new York (FHLBNY) is now soliciting nominations for candidates serving on their board of directors (board) for terms beginning on January 1, 2022, the FHLBNY announced in an electronic message to its members on. with June 28, 2021.

“The depth and diversity of our board of directors is one of the greatest strengths of the Federal Home Loan Bank of new York“Said José R. González, President and CEO of FHLBNY. “The guidance our board of directors is providing management has been particularly beneficial over the past year and a half as our cooperative continues to serve and support our members and communities throughout the pandemic. As FHLBNY is preparing to play an important role in the recovery of our region, I encourage all of our members to participate in the electoral process. “

A total of five directorships – one seat represents the FHLBNY’s New Jersey Members, one seat represents the FHLBNY’s new York Members, one seat represents the FHLBNY’s Puerto Rico and US Virgin Islands Members and two independent board members representing the entire district – are for election in 2021.

The official nomination certificate from FHLBNY was included in the notification to the eligible members June 28, 2021. Eligible shareholders can use the certificate to appoint a person to the open member directorship in their region, depending on whether the shareholder is based in. Has New Jersey, new York or Puerto Rico and the US Virgin Islands.

Regardless, those interested in being nominated for the two open independent director positions must first submit an independent director application form and curriculum vitae to the FHLBNY.

All electronic nomination certificates must be submitted, and all email application forms and independent director résumés must be received by FHLBNY by 5:00 p.m. ET on July 29, 2021.

The story goes on

For more information on the election, including a copy of the Independent Director Application Form and a list of key election dates, please visit our corporate governance page at http://www.fhlbny.com/corporate-governance.

Like the FHLBNY itself, the FHLBNY board of directors is made up of a talented group of dedicated individuals who benefit from demographic (including gender, racial and ethnic) diversity, among other things. As members are considering potentially nominating different candidates to serve on the board of directors, the FHLBNY determines that officials from member institutions operating below the CEO level are eligible to serve on the board of directors of the FHLBNY. All stakeholders are invited to encourage various candidates who are not affiliated with member institutions to apply for the independent director’s open seats. The involvement of stakeholders in this year’s director election process is greatly appreciated and will help keep the board and the FHLBNY diverse – and strong -.

Questions about the election process for directors 2021 should be addressed to Paul friend, the General Counsel of FHLBNY, at [email protected]

Through the Federal Home Loan Bank of new York
The Federal Home Loan Bank of new York is a wholesale bank chartered by Congress. It is part of the Federal Home Loan Bank System, a national wholesale banking network made up of 11 regional shareholder-owned banks. away March 31, 2021, supports the FHLBNY 322 financial institutions in New Jersey, new York, Puerto Rico, and the US Virgin Islands. The Federal Home Loan Banks support efforts by local members to help finance homebuyers in America.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
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 on our current expectations and speak only as of the date of this release. These statements may use forward-looking terms such as “project”, “expected”, “may” or their negatives or other variations of these terms. The Bank advises that forward-looking statements by their nature involve risks or uncertainties and that actual results may differ materially from those express or implied in these forward-looking statements or could affect the extent to which a particular objective, forecast, 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 in regulatory and accounting areas Rule adjustments or requirements, changes in interest rates, changes in forecast business volume, changes in prepayment speeds for mortgage assets, the cost of our financing, changes in our member profile, the departure of one or more large members, competitive pressures, shifts in demand for our products and the economic environment. Forward-looking statements speak only as of the date of their publication and we assume no obligation to publicly revise or update any forward-looking statements for any reason.

CONTACT:
Brian Finnegan
(212) 441-6877

Cision

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SOURCE Federal Home Loan Bank of new York

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