Federal Home Loan Bank of New York Launches 2020 Board of Directors Election Process

NEW YORK, June 26, 2020 / PRNewswire / –The Federal Mortgage Bank of New York (FHLBNY) is now seeking nominations to serve on its Board of Directors (Council) for terms beginning on January 1, 2021, the FHLBNY announced in an electronic communication sent to its members the June 26, 2020.

“The depth and diversity of the board of directors is key to the success of our franchise,” said José R. González, President and CEO of FHLBNY. “Our directors are active and engaged, providing our team with advice and ideas as we develop and execute strategies and initiatives that benefit our entire co-op. I encourage all of our members to participate in the electoral process. “

In total, five terms – one seat representing the FHLBNY New Jersey members, two seats representing the FHLBNY New York members, and two independent directors representing the entire district – are up for election in 2020.

The official FHLBNY nomination certificate was included in the communication sent to eligible members on June 26, 2020. Eligible New JerseyBased shareholders can, using the certificate, nominate a person for the New Jersey open member director position. Eligible New York-based shareholders may, again using the certificate, nominate one person for each of the two director positions open in New York.

Separately, those interested in being nominated for the two open independent director positions must first submit an independent director nomination form and curriculum vitae to FHLBNY.

All electronic nomination certificates must be submitted, and all independent director nomination forms and resumes sent by email must be received by the FHLBNY, by 5 p.m. ET to July 28, 2020.

For more information on the election, including a copy of the Independent Director nomination form and a list of key election dates, see our Corporate Governance page at http://www.fhlbny.com/corporate-governance.

The FHLBNY Board of Directors is made up of a talented group of dedicated individuals who benefit from, among other things, demographic diversity (including gender and race), and the FHLBNY expects this to continue to the future. As members consider potential director appointments and consider who might be interested in independent director positions, please keep diversity in mind.

Questions about the 2020 Board election process should be directed to Friend of paul, the attorney general of the FHLBNY, at [email protected].

About the Federal Home Loan Bank of New York
The Federal Mortgage Bank of New York is a congressionally licensed wholesale bank. It is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional banks owned by shareholders. From March 31, 2020, the FHLBNY serves 322 financial institutions in New Jersey, New York, Porto Rico, and the US Virgin Islands. The Federal Home Loan Banks support the efforts of local members to help provide financing to American homebuyers.

SOURCE Federal Home Loan Bank of New York

Related links

http://www.fhlbny.com