UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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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): April 7, 2022

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Federal Home Loan Bank of New York

(Exact name of Registrant as Specified in Its Charter)

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Federally Chartered Corporation

 

000-51397

 

13-6400946

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

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 (see General Instructions A.2. below):

 

☐     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))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

None

N/A

N/A

 

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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

(b) On April 6, 2022, the Federal Home Loan Bank of New York (“FHLBNY”) was informed by FHLBNY New Jersey Member Director Kevin Cummings that, effective April 7, 2022, as the result of the merger of Citizens Financial Group, Inc. and Investors Bancorp, Inc., FHLBNY New Jersey member Investors Bank would merge into Citizens Bank, National Association, an institution that is not a member of the FHLBNY. Since FHLBNY Member Directors are required by regulation to be directors or officers of FHLBNY members, and as Mr. Cummings had previously qualified to serve on the FHLBNY’s Board of Directors as a Member Director because of his Chairman and Chief Executive Officer positions at Investors Bank, Mr. Cummings resigned from the FHLBNY’s Board effective as of April 7, 2022.

 

 

 

 

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 thereunto duly authorized.

 

 

Federal Home Loan Bank of New York

 

 

 

 

 

Date: April 8, 2022

By:

/s/ Kevin M. Neylan

 

 

 

Name: Kevin M. Neylan

 

 

 

Title: Senior Vice President and Chief Financial Officer