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FHLBNY CAPITAL STOCK
12 Months Ended
Dec. 31, 2013
FHLBNY CAPITAL STOCK [Abstract]  
FHLBNY CAPITAL STOCK
9. FHLBNY CAPITAL STOCK

The Bank is a Savings Bank Member of the FHLBNY. Membership requires the purchase of shares of FHLBNY capital stock at $100 per share. The Bank owned 480,508 shares and 450,112 shares at December 31, 2013 and 2012, respectively. The Bank recorded dividends on the FHLBNY capital stock of $1,698, $2,124 and $2,347 during the years ended December 31, 2013, 2012 and 2011, respectively.