NEW YORK, 19 August 2021 / PRNewswire / – Federal Home Loan Bank New York (“FHLBNY”) is pleased to announce that 19 August 2021The Board of Directors approved the dividend for the second quarter of 2021 at 4.60% (YoY). The amount of dividends in dollars will be approximately USD 59.5 million USA… Cash dividends will be distributed among member financial institutions at 20 August 2021…
“Federal Bank for Housing Lending New York continues to serve as a trusted partner for our members and the communities we serve as our region and nation continues to recover from the COVID-19 pandemic, ”said Jose R. Gonzalez, President and CEO of FHLBNY. “Our stability is reflected in our ability to provide members with a sustainable return on their investment in our cooperative, and we thank them for their ongoing business as we work together to support our District.”
The health and economic crises caused by COVID-19 are unpredictable and could affect the environment in which FHLBNY operates. Changes in market and business conditions could adversely affect FHLBNY’s financial performance and dividend level. FHLBNY will continue to assess the potential impact of environmental changes on its financial performance and dividend strategy.
FHLBNY has filed Form 10-Q for the second quarter of 2021 with the US Securities and Exchange Commission. August 11, 2021…
Federal Bank for Home Lending New York
Federal Bank for Home Lending New York is a US Congress accredited wholesale bank. It is part of the Federal Home Loan Banking System, a national wholesale banking network of 11 regional banks owned by shareholders. As of June 30, 2021, FHLBNY serves 321 financial institutions in New Jersey, New York, Puerto Ricoand the US Virgin Islands. Federal Home Loan Banks are supporting local members’ efforts to provide finance to 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 “safe harbor” of the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations and are valid only as of the date of this document. These statements may use forward-looking terms such as “expected,” “expected,” “may,” or their negation, or other variations on these terms. The Bank cautions that, by their nature, forward-looking statements involve risk or uncertainty and that actual results may differ materially from those expressed or implied in those forward-looking statements, or may affect the extent to which a specific objective, forecast, estimate, or prediction implemented. These forward-looking statements involve risks and uncertainties, including, but not limited to, the risk factors set out in our annual 10-K and our 10-Q quarterly reports filed with the SEC, as well as regulatory and accounting records. adjustments or requirements of rules, changes in interest rates, changes in projected business volumes, changes in the rate of prepayment of mortgage assets, the cost of our financing, changes in our membership profile, the exit of one or more large participants, competitive pressure, shifts in demand for our products, and general economic conditions. Forward-looking statements are valid only as of the date they are made and we do not undertake any obligation to publicly revise or update any forward-looking statements for any reason.
CONTACT: Brian Finnegan
SOURCE Federal Bank for Home Lending New York