UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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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 8.01 Other Events.
Prior to each year’s election of directors for the Federal Home Loan Bank of New York (the “Bank”), the Director of the Federal Housing Finance Agency (the “FHFA Director”), pursuant to federal statutory authority, designates the number of directorships for the following year for each state in the Bank’s district, including the seats up for election. For 2026, the FHFA Director has designated the number of board seats the Bank will have and the seats to be filled in the 2025 directors’ elections.
The designation will result in the elimination of the following four (4) board seats effective December 31, 2025:
| · | Two (2) New York member director seats with terms expiring December 31, 2025 and December 31, 2026. |
| · | One (1) independent director seat with a term expiring December 31, 2025. |
| · | One (1) independent director seat with a term expiring December 31, 2028. |
Consequently, the Bank will have a total of nine (9) member director seats and six (6) independent director seats as of January 1, 2026 down from a current total of eleven (11) member director seats and eight (8) independent director seats.
Further, there will be no member director election for the Bank’s New York members in 2025. However, this year there will be an election for one (1) member director seat representing the Bank’s New Jersey members and one (1) member director seat representing the Bank’s Puerto Rico/U.S. Virgin Islands members. There will also be a district-wide election for one (1) open independent director seat.
The Bank’s members will be receiving electronically its 2025 annual board nomination and election announcement.
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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.
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| Federal Home Loan Bank of New York |
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Date: July 14, 2025 |
| By: | /s/ Kevin M. Neylan |
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| Name: Kevin M. Neylan |
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| Title: Senior Vice President and Chief Financial Officer |
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