Note 19. Segment Information and Concentration.

The FHLBNY manages its operations as a single business segment. Management and the FHLBNY’s Board of Directors review enterprise-wide financial information in order to make operating decisions and assess performance. Advances to large members constitute a significant percentage of FHLBNY’s advance portfolio and its source of revenues.

The top ten advance holders at June 30, 2011, December 31, 2010 and June 30, 2010 and associated interest income for the periods then ended are summarized as follows (dollars in thousands):


	June 30, 2011
					Percentage of
			Par		Total Par Value			Interest Income
	City	State	Advances		of Advances			Three months		Six months
Hudson City Savings Bank, FSB*	Paramus	NJ	$	14,625,000		20.6	%	$	122,410	$	280,476
Metropolitan Life Insurance Company	New York	NY		12,005,000		16.9			66,364		134,036
New York Community Bank*	Westbury	NY		7,293,159		10.2			76,069		151,325
MetLife Bank, N.A.	Convent Station	NJ		4,464,500		6.2			24,397		44,261
The Prudential Insurance Co. of America	Newark	NJ		2,500,000		3.6			13,949		28,976
Investors Savings Bank	Short Hills	NJ		2,195,500		3.1			13,208		24,639
Valley National Bank	Wayne	NJ		2,104,500		3.0			22,200		46,186
Astoria Federal Savings and Loan Assn.	Lake Success	NY		2,008,000		2.9			18,369		37,510
New York Life Insurance Company	New York	NY		1,700,000		2.4			3,469		6,901
Manufacturers and Traders Trust Company	Buffalo	NY		1,457,748		2.1			3,918		8,423

Total			$	50,353,407		71.0	%	$	364,353	$	762,733


*		Officer of member bank also served on the Board of Directors of the FHLBNY.


	December 31, 2010
					Percentage of
			Par		Total Par Value			Twelve months
	City	State	Advances		of Advances			Interest Income
Hudson City Savings Bank, FSB*	Paramus	NJ	$	17,025,000		22.1	%	$	705,743
Metropolitan Life Insurance Company	New York	NY		12,555,000		16.3			294,526
New York Community Bank*	Westbury	NY		7,793,165		10.1			307,102
MetLife Bank, N.A.	Convent Station	NJ		3,789,500		4.9			61,036
Manufacturers and Traders Trust Company	Buffalo	NY		2,758,000		3.6			42,979
The Prudential Insurance Co. of America	Newark	NJ		2,500,000		3.3			77,544
Astoria Federal Savings and Loan Assn.	Lake Success	NY		2,391,000		3.1			107,917
Valley National Bank	Wayne	NJ		2,310,500		3.0			98,680
New York Life Insurance Company	New York	NY		1,500,000		2.0			14,678
First Niagara Bank, National Association	Buffalo	NY		1,473,493		1.9			24,911

Total			$	54,095,658		70.3	%	$	1,735,116


*		At December 31, 2010, officer of member bank also served on the Board of Directors of the FHLBNY.


	June 30, 2010
					Percentage of
			Par		Total Par Value			Interest Income
	City	State	Advances		of Advances			Three months		Six months
Hudson City Savings Bank, FSB*	Paramus	NJ	$	17,275,000		21.4	%	$	176,700	$	351,459
Metropolitan Life Insurance Company	New York	NY		13,355,000		16.6			74,624		147,031
New York Community Bank*	Westbury	NY		7,293,169		9.1			76,754		152,667
Manufacturers and Traders Trust Company	Buffalo	NY		3,919,283		4.9			11,008		22,762
Astoria Federal Savings and Loan Assn.	Lake Success	NY		3,235,000		4.0			27,813		56,300
MetLife Bank, N.A.	Convent Station	NJ		2,929,500		3.6			12,453		24,146
The Prudential Insurance Co. of America	Newark	NJ		2,500,000		3.1			20,696		42,273
Valley National Bank	Wayne	NJ		2,271,500		2.8			24,492		49,208
Doral Bank	San Juan	PR		1,885,920		2.3			17,312		36,570
New York Life Insurance Company	New York	NY		1,650,000		2.0			3,817		6,892

Total			$	56,314,372		69.8	%	$	445,669	$	889,308


*		At June 30, 2010, officer of member bank also served on the Board of Directors of the FHLBNY.

The following table summarizes capital stock held by members who were beneficial owners of more than 5 percent of the FHLBNY’s outstanding capital stock as of June 30, 2011 and December 31, 2010 (shares in thousands):


		Number		Percent
	June 30, 2011	of Shares		of Total
Name of Beneficial Owner	Principal Executive Office Address	Owned		Capital Stock
Hudson City Savings Bank, FSB*	West 80 Century Road, Paramus, NJ 07652		7,671		16.28	%
Metropolitan Life Insurance Company	200 Park Avenue, New York, NY 10166		6,736		14.28
New York Community Bank*	615 Merrick Avenue, Westbury, NY 11590-6644		3,888		8.24
Citibank, N.A.	399 Park Avenue, New York, NY 10043		3,648		7.73

			21,943		46.53	%


		Number		Percent
	December 31, 2010	of Shares		of Total
Name of Beneficial Owner	Principal Executive Office Address	Owned		Capital Stock
Hudson City Savings Bank, FSB*	West 80 Century Road, Paramus, NJ 07652		8,719		18.99	%
Metropolitan Life Insurance Company	200 Park Avenue, New York, NY 10166		7,035		15.32
New York Community Bank*	615 Merrick Avenue, Westbury, NY 11590-6644		4,093		8.91

			19,847		43.22	%


*		Officer of member bank also served on the Board of Directors of the FHLBNY.