Blueprint
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Report
From The President
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DATE: August 15,
2019
FEDERAL
HOME LOAN BANK OF NEW YORK
DECLARES A 6.35%
DIVIDEND FOR THE SECOND QUARTER OF 2019
I am
pleased to announce that, on August 15, 2019, your Board of
Directors approved a dividend for the second quarter of 2019 of
6.35% (annualized). The dollar amount of the dividend will be
approximately $92.2 million. The cash dividend will be distributed
to member financial institutions on August 16, 2019.
Our
continued ability to offer daily access to funding in all market
environments, as well as provide a consistent and reasonable
quarterly dividend, enhances the value of membership in our
cooperative and positions us to be a reliable partner for our
members.
We
filed our Form 10-Q for the second quarter of 2019 with the U.S.
Securities and Exchange Commission on August 8, 2019.
Sincerely,
José
R. González
President
and CEO
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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 on 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.
FEDERAL HOME LOAN
BANK OF NEW YORK ● 101
PARK AVENUE ● NEW
YORK, NY 10178 ● T:
212.681.6000 ●
WWW.FHLBNY.COM
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