0001299933-17-000893.txt : 20170905 0001299933-17-000893.hdr.sgml : 20170904 20170905090314 ACCESSION NUMBER: 0001299933-17-000893 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170905 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170905 DATE AS OF CHANGE: 20170905 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] IRS NUMBER: 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: 171067504 BUSINESS ADDRESS: STREET 1: 101 PARK AVENUE, 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10178 BUSINESS PHONE: 212-681-6000 MAIL ADDRESS: STREET 1: 101 PARK AVENUE, 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10178 8-K 1 htm_55311.htm LIVE FILING Federal Home Loan Bank of New York (Form: 8-K)  

 

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):   September 5, 2017

Federal Home Loan Bank of New York
__________________________________________
(Exact name of registrant as specified in its charter)

     
Federally Chartered Corporation 000-51397 136400946
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
101 Park Avenue, 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:

[  ]  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))

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 8.01 Other Events.

Each month the Chief Executive Officer of the Federal Home Loan Bank of New York ("FHLBNY") issues a ‘Report from the President’ (the "Report") to each shareholder. Such Reports may contain information that may be important to security holders. A copy of the Report to shareholders for the month of August 2017 issued on September 5, 2017 is attached hereto as Exhibit 99.1.





Item 9.01 Financial Statements and Exhibits.

99.1 FHLBNY President’s Report dated September 5, 2017.






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 hereunto duly authorized.

         
    Federal Home Loan Bank of New York
          
September 5, 2017   By:   /s/ Kevin M. Neylan
       
        Name: Kevin M. Neylan
        Title: Senior Vice President and Chief Financial Officer

Exhibit Index


     
Exhibit No.   Description
 
99.1
  FHLBNY President’s Report dated September 5, 2017.
EX-99.1 2 exhibit1.htm EX-99.1 EX-99.1

September 5, 2017

     
TO:  
All Stockholders
(Addressed Individually)
SUBJECT:  
Report from the President

At the Bank

The Importance of Dependability

At the Federal Home Loan Bank of New York, we recognize our dependability helps drive the value of membership. Whether it be the daily availability of our funding, the broad accessibility of our housing programs or the continued solid performance of our franchise, we are focused on positioning ourselves to be a reliable partner for our members. This extends to our quarterly dividend, as well. We believe that a consistent quarterly dividend enhances the value of membership. In August, we paid a 5.50 percent dividend for the second quarter of 2017 – following a 5.00 percent dividend for the first quarter of the year. With these two dividend payments through the first six months of the year, we have returned more than $160 million through dividends to our members – a strong return for your investment in our cooperative.

Engaging Our Membership

We also recognize the importance of engaging our members to ensure you are getting the most value out of your Home Loan Bank. Our team constantly engages members through office visits, workshops and hosting educational sessions at our headquarters. We are also very active in industry events, which provide excellent opportunities for engagement. To that end, we are honored to be participating and speaking at three industry events this month: the NJBankers’ Senior Management Conference in Atlantic City from September 13th to the 15th; the IBANYS Annual Convention in Niagara Falls from September 25th to the 27th; and the New Jersey Credit Union League’s “Drive Profit and Improve Engagement at the Branch” workshop in Iselin on September 13th. Our team looks forward to meeting with members at these events to discuss the business landscape and opportunities for growth.

Sincerely,

José R. González
President and Chief Executive Officer

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 upon our current expectations and speak only as of the date hereof. These statements may use forward-looking terms, such as “projected,” “expects,” “may,” or their negatives or other variations of these terms. The Bank cautions that, by their nature, forward-looking statements involve risk or uncertainty and that actual results could differ materially from those expressed or implied in these forward-looking statements or could affect the extent to which a particular objective, projection, estimate, or prediction is realized. These forward-looking statements involve risks and uncertainties including, but not limited to, regulatory and accounting rule adjustments or requirements, changes in interest rates, changes in projected business volumes, changes in prepayment speeds on mortgage assets, the cost of our funding, changes in our membership profile, the withdrawal of one or more large members, competitive pressures, shifts in demand for our products, and general economic conditions. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.