Federal Home Loan Bank of New YorkState-owned enterprise

The Federal Home Loan Bank of New York (FHLBNY) is a federally chartered, wholesale financial institution and government-sponsored enterprise (GSE) serving New York, New Jersey, Puerto Rico, and the U.S. Virgin Islands. As one of eleven regional banks in the Federal Home Loan Bank System, its mandate is to provide reliable liquidity, low-cost advances, and customized financial services to member community banks, credit unions, and insurance companies to support mortgage lending and affordable housing investment. Established by Congress under the Federal Home Loan Bank Act of 1932 during the Great Depression, the bank is privately capitalized and cooperatively owned by its member financial institutions without receiving direct taxpayer funding.