us-gaap:AssetPledgedAsCollateralMemberus-gaap:AssetPledgedAsCollateralMember00000001329842--12-312021Q1false0000000Federal Home Loan Bank of New YorkNous-gaap:AssetPledgedAsCollateralMemberus-gaap:AssetPledgedAsCollateralMember5314100053141000536690005366900000X10001329842us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateNoteSecuritiesMember2021-03-310001329842us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryNotesSecuritiesMember2021-03-310001329842us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryNotesSecuritiesMember2021-03-310001329842us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateNoteSecuritiesMember2021-03-310001329842us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateNoteSecuritiesMember2020-12-310001329842us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryNotesSecuritiesMember2020-12-310001329842us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryNotesSecuritiesMember2020-12-310001329842us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateNoteSecuritiesMember2020-12-310001329842us-gaap:CommonClassBMemberus-gaap:CommonStockMember2020-01-012020-03-310001329842us-gaap:RetainedEarningsUnappropriatedMember2021-03-310001329842us-gaap:RetainedEarningsMember2021-03-310001329842us-gaap:RetainedEarningsAppropriatedMember2021-03-310001329842us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-310001329842us-gaap:RetainedEarningsUnappropriatedMember2020-12-310001329842us-gaap:RetainedEarningsMember2020-12-310001329842us-gaap:RetainedEarningsAppropriatedMember2020-12-310001329842us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310001329842us-gaap:RetainedEarningsUnappropriatedMember2020-03-310001329842us-gaap:RetainedEarningsMember2020-03-310001329842us-gaap:RetainedEarningsAppropriatedMember2020-03-310001329842us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-310001329842srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberus-gaap:RetainedEarningsUnappropriatedMember2019-12-310001329842srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Memberus-gaap:RetainedEarningsMember2019-12-310001329842srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201613Member2019-12-310001329842us-gaap:RetainedEarningsUnappropriatedMember2019-12-310001329842us-gaap:RetainedEarningsMember2019-12-310001329842us-gaap:RetainedEarningsAppropriatedMember2019-12-310001329842us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310001329842us-gaap:CommonClassBMemberus-gaap:CommonStockMember2021-03-310001329842us-gaap:CommonClassBMemberus-gaap:CommonStockMember2020-12-310001329842us-gaap:CommonClassBMemberus-gaap:CommonStockMember2020-03-310001329842us-gaap:CommonClassBMemberus-gaap:CommonStockMember2019-12-310001329842fhlbny:BilateralCounterpartiesMember2021-03-310001329842fhlbny:BilateralCounterpartiesMember2020-12-310001329842fhlbny:BilateralCounterpartiesMember2020-03-310001329842fhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-01-012021-03-310001329842us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2021-01-012021-03-310001329842fhlbny:MortgagePartnershipFinanceProgramServicesMembersrt:FederalHomeLoanBankOfChicagoMember2021-01-012021-03-310001329842fhlbny:MortgagePartnershipFinanceProgramServicesMembersrt:FederalHomeLoanBankOfChicagoMember2020-01-012020-03-310001329842fhlbny:MortgageBackedSecuritiesCashFlowModelUseMembersrt:FederalHomeLoanBankOfChicagoMember2021-01-012021-03-310001329842us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestExpenseMember2021-01-012021-03-310001329842us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestExpenseMember2020-01-012020-03-310001329842fhlbny:ThriftAndDeferredIncentiveCompensationBenefitEqualizationPlanMember2021-01-012021-03-310001329842fhlbny:SupplementalExecutiveRetirementDefinedBenefitAndDefinedContributionBenefitEqualizationPlanAndNonqualifiedDeferredIncentiveCompensationPlanMember2021-01-012021-03-310001329842fhlbny:SupplementalExecutiveRetirementDefinedBenefitAndDefinedContributionBenefitEqualizationPlanAndNonqualifiedDeferredIncentiveCompensationPlanMember2021-01-012021-03-310001329842fhlbny:RetireeMedicalBenefitPlanMember2021-01-012021-03-310001329842fhlbny:PentegraDefinedContributionPlanForFinancialInstitutionsMember2021-01-012021-03-310001329842fhlbny:PentegraDefinedBenefitPlanForFinancialInstitutionsMember2021-01-012021-03-310001329842fhlbny:ThriftAndDeferredIncentiveCompensationBenefitEqualizationPlanMember2020-01-012020-03-310001329842fhlbny:SupplementalExecutiveRetirementDefinedBenefitAndDefinedContributionBenefitEqualizationPlanAndNonqualifiedDeferredIncentiveCompensationPlanMember2020-01-012020-03-310001329842fhlbny:SupplementalExecutiveRetirementDefinedBenefitAndDefinedContributionBenefitEqualizationPlanAndNonqualifiedDeferredIncentiveCompensationPlanMember2020-01-012020-03-310001329842fhlbny:RetireeMedicalBenefitPlanMember2020-01-012020-03-310001329842fhlbny:PentegraDefinedContributionPlanForFinancialInstitutionsMember2020-01-012020-03-310001329842fhlbny:PentegraDefinedBenefitPlanForFinancialInstitutionsMember2020-01-012020-03-310001329842us-gaap:FairValueHedgingMember2021-01-012021-03-310001329842us-gaap:CashFlowHedgingMember2021-01-012021-03-310001329842us-gaap:FairValueHedgingMember2020-01-012020-03-310001329842us-gaap:CashFlowHedgingMember2020-01-012020-03-310001329842fhlbny:FederalHomeLoanBankConsolidatedObligationsFairValueOptionMember2020-01-012020-12-310001329842us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMember2021-01-012021-03-310001329842us-gaap:InterestRateContractMemberus-gaap:CashFlowHedgingMember2020-01-012020-03-310001329842us-gaap:CommonClassBMemberus-gaap:CommonStockMember2021-01-012021-03-310001329842us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberfhlbny:FinancingReceivablesEqualToGreaterThan180DaysPastDueMember2021-03-310001329842us-gaap:FairValueMeasurementsNonrecurringMemberfhlbny:FinancingReceivablesEqualToGreaterThan180DaysPastDueMember2021-03-310001329842us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberfhlbny:FinancingReceivablesEqualToGreaterThan180DaysPastDueMember2020-12-310001329842us-gaap:FairValueMeasurementsNonrecurringMemberfhlbny:FinancingReceivablesEqualToGreaterThan180DaysPastDueMember2020-12-310001329842fhlbny:MortgageAssetProgramsMember2021-03-310001329842fhlbny:MortgageAssetProgramsMember2020-12-310001329842us-gaap:ConventionalLoanMemberus-gaap:NonperformingFinancingReceivableMember2021-03-310001329842us-gaap:ConventionalLoanMemberus-gaap:NonperformingFinancingReceivableMember2020-12-310001329842us-gaap:ConventionalLoanMember2020-03-310001329842us-gaap:ConventionalLoanMember2019-12-310001329842srt:MaximumMember2021-03-310001329842srt:MaximumMember2020-12-310001329842us-gaap:HeldtomaturitySecuritiesMember2021-01-012021-03-310001329842us-gaap:AvailableforsaleSecuritiesMember2021-01-012021-03-310001329842fhlbny:DebtSecurityTradingMember2021-01-012021-03-310001329842fhlbny:MortgageLoansMember2021-03-310001329842fhlbny:MortgageLoansMember2020-12-310001329842us-gaap:GovernmentGuaranteedMortgageLoansUponForeclosureReceivableMember2021-03-310001329842us-gaap:GovernmentGuaranteedMortgageLoansUponForeclosureReceivableMember2020-12-310001329842us-gaap:ConventionalLoanMemberfhlbny:IndividuallyEvaluatedForImpairmentMember2021-03-310001329842us-gaap:ConventionalLoanMemberfhlbny:IndividuallyEvaluatedForImpairmentMember2020-12-310001329842us-gaap:ConventionalLoanMemberfhlbny:IndividuallyEvaluatedForImpairmentMember2021-01-012021-03-310001329842us-gaap:ConventionalLoanMemberfhlbny:IndividuallyEvaluatedForImpairmentMember2020-01-012020-12-310001329842us-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2021-03-310001329842us-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2020-12-310001329842us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-03-310001329842us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001329842fhlbny:HedgedLiabilitiesMemberfhlbny:ActiveHedgingRelationshipMember2021-03-310001329842fhlbny:FederalHomeLoanBankConsolidatedObligationsBondsDerivativesMemberfhlbny:ActiveHedgingRelationshipMember2021-03-310001329842fhlbny:FederalHomeLoanBankConsolidatedObligationDiscountNotesOnDerivativesMemberfhlbny:ActiveHedgingRelationshipMember2021-03-310001329842fhlbny:HedgedLiabilitiesMemberfhlbny:ActiveHedgingRelationshipMember2020-12-310001329842fhlbny:FederalHomeLoanBankConsolidatedObligationsBondsDerivativesMemberfhlbny:ActiveHedgingRelationshipMember2020-12-310001329842fhlbny:FederalHomeLoanBankConsolidatedObligationDiscountNotesOnDerivativesMemberfhlbny:ActiveHedgingRelationshipMember2020-12-310001329842fhlbny:HedgedLiabilitiesMember2021-03-310001329842fhlbny:FederalHomeLoanBankConsolidatedObligationsBondsDerivativesMember2021-03-310001329842fhlbny:FederalHomeLoanBankConsolidatedObligationDiscountNotesOnDerivativesMember2021-03-310001329842fhlbny:HedgedLiabilitiesMember2020-12-310001329842fhlbny:FederalHomeLoanBankConsolidatedObligationsBondsDerivativesMember2020-12-310001329842fhlbny:FederalHomeLoanBankConsolidatedObligationDiscountNotesOnDerivativesMember2020-12-310001329842fhlbny:HedgedLiabilitiesMemberfhlbny:DiscontinuedHedgingRelationshipMember2021-03-310001329842fhlbny:HedgedLiabilitiesMemberfhlbny:DiscontinuedHedgingRelationshipMember2020-12-310001329842us-gaap:FederalHomeLoanBankAdvancesMemberfhlbny:ActiveHedgingRelationshipMember2021-03-310001329842fhlbny:HedgedAssetsMemberfhlbny:ActiveHedgingRelationshipMember2021-03-310001329842fhlbny:FederalHomeLoanBankAvailableForSaleDebtSecuritiesMemberfhlbny:ActiveHedgingRelationshipMember2021-03-310001329842us-gaap:FederalHomeLoanBankAdvancesMemberfhlbny:ActiveHedgingRelationshipMember2020-12-310001329842fhlbny:HedgedAssetsMemberfhlbny:ActiveHedgingRelationshipMember2020-12-310001329842fhlbny:FederalHomeLoanBankAvailableForSaleDebtSecuritiesMemberfhlbny:ActiveHedgingRelationshipMember2020-12-310001329842us-gaap:FederalHomeLoanBankAdvancesMember2021-03-310001329842fhlbny:HedgedAssetsMember2021-03-310001329842fhlbny:FederalHomeLoanBankAvailableForSaleDebtSecuritiesMember2021-03-310001329842us-gaap:FederalHomeLoanBankAdvancesMember2020-12-310001329842fhlbny:HedgedAssetsMember2020-12-310001329842fhlbny:FederalHomeLoanBankAvailableForSaleDebtSecuritiesMember2020-12-310001329842fhlbny:HedgedAssetsMemberfhlbny:DiscontinuedHedgingRelationshipMember2021-03-310001329842fhlbny:HedgedAssetsMemberfhlbny:DiscontinuedHedgingRelationshipMember2020-12-310001329842us-gaap:DebtSecuritiesPayableMemberus-gaap:GuaranteeOfIndebtednessOfOthersMemberfhlbny:OtherFederalHomeLoanBanksMember2021-03-310001329842us-gaap:DebtSecuritiesPayableMemberus-gaap:GuaranteeOfIndebtednessOfOthersMemberfhlbny:OtherFederalHomeLoanBanksMember2020-12-310001329842fhlbny:EquityInvestmentMember2021-01-012021-03-310001329842us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2021-01-012021-03-310001329842us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2020-01-012020-03-310001329842fhlbny:MpfMortgageLoansOriginatedPriorTo2017Memberfhlbny:FinancingReceivablesPastDueMember2021-03-310001329842fhlbny:MpfMortgageLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310001329842fhlbny:MpfMortgageLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310001329842fhlbny:MpfMortgageLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-03-310001329842fhlbny:MpfMortgageLoansMemberfhlbny:FinancingReceivablesPastDueMember2021-03-310001329842fhlbny:ConventionalLoanOriginatedPriorTo2017Memberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310001329842fhlbny:ConventionalLoanOriginatedPriorTo2017Memberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310001329842fhlbny:ConventionalLoanOriginatedPriorTo2017Memberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-03-310001329842fhlbny:ConventionalLoanOriginated2017To2021Memberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-03-310001329842fhlbny:ConventionalLoanOriginated2017To2021Memberus-gaap:FinancingReceivables60To89DaysPastDueMember2021-03-310001329842fhlbny:ConventionalLoanOriginated2017To2021Memberus-gaap:FinancingReceivables30To59DaysPastDueMember2021-03-310001329842fhlbny:ConventionalLoanOriginated2017To2021Memberfhlbny:FinancingReceivablesPastDueMember2021-03-310001329842fhlbny:MpfMortgageLoansOriginatedPriorTo2016Memberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310001329842fhlbny:MpfMortgageLoansOriginatedPriorTo2016Memberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310001329842fhlbny:MpfMortgageLoansOriginatedPriorTo2016Memberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-12-310001329842fhlbny:MpfMortgageLoansOriginatedPriorTo2016Memberfhlbny:FinancingReceivablesPastDueMember2020-12-310001329842fhlbny:MpfMortgageLoansOriginated2016To2020Memberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310001329842fhlbny:MpfMortgageLoansOriginated2016To2020Memberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310001329842fhlbny:MpfMortgageLoansOriginated2016To2020Memberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-12-310001329842fhlbny:MpfMortgageLoansOriginated2016To2020Memberfhlbny:FinancingReceivablesPastDueMember2020-12-310001329842fhlbny:MpfMortgageLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-12-310001329842fhlbny:MpfMortgageLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-12-310001329842fhlbny:MpfMortgageLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-12-310001329842fhlbny:MpfMortgageLoansMemberfhlbny:FinancingReceivablesPastDueMember2020-12-310001329842fhlbny:MpfMortgageLoansMember2021-03-310001329842fhlbny:ConventionalMortgageAssetProgramsLoanOriginated2017To2021Member2021-03-310001329842fhlbny:ConventionalMortgageAssetProgramsLoanMember2021-03-310001329842fhlbny:MpfMortgageLoansOriginatedPriorTo2016Member2020-12-310001329842fhlbny:MpfMortgageLoansOriginated2016To2020Member2020-12-310001329842fhlbny:MpfMortgageLoansMember2020-12-310001329842fhlbny:ConventionalMortgageAssetProgramsLoanOriginated2016To2020Member2020-12-310001329842fhlbny:ConventionalMortgageAssetProgramsLoanMember2020-12-310001329842fhlbny:FederalHousingAdministrationLoanAndVeteransAdministrationLoanMember2021-03-310001329842fhlbny:FederalHousingAdministrationLoanAndVeteransAdministrationLoanMember2020-12-310001329842us-gaap:ConventionalLoanMemberfhlbny:LoansDischargedFromBankruptcyMember2021-03-310001329842us-gaap:ConventionalLoanMemberfhlbny:LoanModifiedUnderMortgagePartnershipFinanceProgramMember2021-03-310001329842fhlbny:FederalHousingAdministrationLoanAndVeteransAdministrationLoanMemberfhlbny:LoansDischargedFromBankruptcyMember2021-03-310001329842fhlbny:LoansDischargedFromBankruptcyMember2021-03-310001329842fhlbny:LoanModifiedUnderMortgagePartnershipFinanceProgramMember2021-03-310001329842us-gaap:ConventionalLoanMemberfhlbny:LoansDischargedFromBankruptcyMember2020-12-310001329842us-gaap:ConventionalLoanMemberfhlbny:LoanModifiedUnderMortgagePartnershipFinanceProgramMember2020-12-310001329842fhlbny:FederalHousingAdministrationLoanAndVeteransAdministrationLoanMemberfhlbny:LoansDischargedFromBankruptcyMember2020-12-310001329842fhlbny:LoansDischargedFromBankruptcyMember2020-12-310001329842fhlbny:LoanModifiedUnderMortgagePartnershipFinanceProgramMember2020-12-310001329842fhlbny:MortgageLoansMember2021-01-012021-03-310001329842fhlbny:ValleyNationalBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-03-310001329842fhlbny:TeachersIns.AndAnnuityAssocOfAmericaMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-03-310001329842fhlbny:SignatureBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-03-310001329842fhlbny:NewYorkLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-03-310001329842fhlbny:NewYorkCommunityBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-03-310001329842fhlbny:MetropolitanTowerLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-03-310001329842fhlbny:MetropolitanLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-03-310001329842fhlbny:MetlifeIncMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-03-310001329842fhlbny:InvestorsBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-03-310001329842fhlbny:HsbcBankUsaNationalAssociationMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-03-310001329842fhlbny:EquitableFinancialLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-03-310001329842fhlbny:CitibankNationalAssociationMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-03-310001329842fhlbny:ValleyNationalBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-12-310001329842fhlbny:TopTenAdvanceHoldersMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-12-310001329842fhlbny:ThePrudentialInsuranceCompanyOfAmericaMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-12-310001329842fhlbny:SignatureBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-12-310001329842fhlbny:NewYorkLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-12-310001329842fhlbny:NewYorkCommunityBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-12-310001329842fhlbny:MetropolitanTowerLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-12-310001329842fhlbny:MetropolitanLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-12-310001329842fhlbny:MetlifeIncMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-12-310001329842fhlbny:InvestorsBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-12-310001329842fhlbny:HsbcBankUsaNationalAssociationMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-12-310001329842fhlbny:EquitableFinancialLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-12-310001329842fhlbny:CitibankNationalAssociationMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-12-310001329842fhlbny:ValleyNationalBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-03-310001329842fhlbny:TopTenAdvanceHoldersMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-03-310001329842fhlbny:SignatureBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-03-310001329842fhlbny:NewYorkLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-03-310001329842fhlbny:NewYorkCommunityBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-03-310001329842fhlbny:MetropolitanLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-03-310001329842fhlbny:InvestorsBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-03-310001329842fhlbny:HsbcBankUsaNationalAssociationMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-03-310001329842fhlbny:GoldmanSachsBankUnitedStatesOfAmericaMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-03-310001329842fhlbny:CitibankNationalAssociationMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-03-310001329842fhlbny:AxaEquitableLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-03-310001329842fhlbny:FederalHomeLoanBankMemberAdvancesFairValueOptionMember2021-01-012021-03-310001329842fhlbny:FederalHomeLoanBankMemberAdvancesFairValueOptionMember2020-01-012020-12-310001329842fhlbny:BankOfNewYorkMemberus-gaap:CollateralPledgedMemberus-gaap:USTreasurySecuritiesMember2020-12-310001329842us-gaap:FixedIncomeFundsMember2021-01-012021-03-310001329842us-gaap:EquityFundsMember2021-01-012021-03-310001329842us-gaap:FixedIncomeFundsMember2020-01-012020-12-310001329842us-gaap:EquityFundsMember2020-01-012020-12-310001329842us-gaap:FixedIncomeFundsMember2021-03-310001329842us-gaap:EquityFundsMember2021-03-310001329842us-gaap:CashEquivalentsMember2021-03-310001329842us-gaap:FixedIncomeFundsMember2020-12-310001329842us-gaap:EquityFundsMember2020-12-310001329842us-gaap:CashEquivalentsMember2020-12-310001329842srt:MaximumMemberus-gaap:MortgagesMember2021-01-012021-03-310001329842us-gaap:SwapMemberfhlbny:MemberOwnerSmallerInstitutionMember2021-03-310001329842us-gaap:InterestRateSwapMember2021-03-310001329842us-gaap:InterestRateContractMember2021-03-310001329842us-gaap:InterestRateCapMember2021-03-310001329842us-gaap:SwapMemberfhlbny:MemberOwnerSmallerInstitutionMember2020-12-310001329842us-gaap:InterestRateSwapMember2020-12-310001329842us-gaap:InterestRateContractMember2020-12-310001329842us-gaap:InterestRateCapMember2020-12-310001329842us-gaap:MortgagesMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberfhlbny:OtherIncomeLossMember2021-01-012021-03-310001329842us-gaap:InterestRateContractMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberfhlbny:OtherIncomeLossMember2021-01-012021-03-310001329842us-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMemberus-gaap:InterestExpenseMember2021-01-012021-03-310001329842us-gaap:InterestRateCapMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberfhlbny:OtherIncomeLossMember2021-01-012021-03-310001329842us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberfhlbny:OtherIncomeLossMember2021-01-012021-03-310001329842us-gaap:MortgagesMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberfhlbny:OtherIncomeLossMember2020-01-012020-03-310001329842us-gaap:InterestRateContractMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberfhlbny:OtherIncomeLossMember2020-01-012020-03-310001329842us-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMemberus-gaap:InterestExpenseMember2020-01-012020-03-310001329842us-gaap:InterestRateCapMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberfhlbny:OtherIncomeLossMember2020-01-012020-03-310001329842us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMemberfhlbny:OtherIncomeLossMember2020-01-012020-03-310001329842fhlbny:ExchangeClearedCanBeSoldOrRepledgedMember2021-03-310001329842fhlbny:ExchangeClearedCanBeSoldOrRepledgedMember2020-12-310001329842fhlbny:OverCounterCannotBeSoldOrRepledgedMember2021-03-310001329842fhlbny:OverCounterCannotBeSoldOrRepledgedMember2020-12-310001329842us-gaap:MortgagesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001329842us-gaap:MortgagesMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001329842us-gaap:MortgagesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001329842us-gaap:MortgagesMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001329842us-gaap:SwapMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember2021-03-310001329842us-gaap:MortgagesMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember2021-03-310001329842us-gaap:InterestRateSwapMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember2021-03-310001329842us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-03-310001329842us-gaap:InterestRateCapMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember2021-03-310001329842us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember2021-03-310001329842us-gaap:DesignatedAsHedgingInstrumentMember2021-03-310001329842us-gaap:SwapMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember2020-12-310001329842us-gaap:MortgagesMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember2020-12-310001329842us-gaap:InterestRateSwapMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember2020-12-310001329842us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-12-310001329842us-gaap:InterestRateCapMemberus-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember2020-12-310001329842us-gaap:NotDesignatedAsHedgingInstrumentEconomicHedgeMember2020-12-310001329842us-gaap:DesignatedAsHedgingInstrumentMember2020-12-310001329842us-gaap:MortgagesMember2021-03-310001329842us-gaap:MortgagesMember2020-12-310001329842us-gaap:DefinedBenefitPostretirementHealthCoverageMember2021-01-012021-03-310001329842fhlbny:DefinedBenefitBenefitEqualizationPlanMemberus-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2021-01-012021-03-310001329842fhlbny:DefinedBenefitBenefitEqualizationPlanMemberus-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2020-01-012020-03-310001329842us-gaap:DefinedBenefitPostretirementHealthCoverageMember2020-01-012020-03-310001329842fhlbny:DebtInstrumentMaturityMemberfhlbny:ConsolidatedObligationBondsMember2021-03-310001329842fhlbny:DebtInstrumentMaturityMemberfhlbny:ConsolidatedObligationBondsMember2020-12-310001329842us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2021-03-310001329842us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2020-12-310001329842fhlbny:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFhlmcMemberCmbsMember2021-03-310001329842fhlbny:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFhlmcMemberCmbsMember2020-12-310001329842us-gaap:AvailableforsaleSecuritiesMember2021-03-310001329842us-gaap:AvailableforsaleSecuritiesMember2020-12-310001329842srt:MaximumMemberfhlbny:DiscountNotesPayableMember2021-01-012021-03-310001329842us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberfhlbny:DiscountNotesPayableFairValueOptionMember2021-03-310001329842us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberfhlbny:ConsolidatedObligationBondsFairValueOptionMember2021-03-310001329842us-gaap:FairValueMeasurementsRecurringMemberfhlbny:DiscountNotesPayableFairValueOptionMember2021-03-310001329842us-gaap:FairValueMeasurementsRecurringMemberfhlbny:ConsolidatedObligationBondsFairValueOptionMember2021-03-310001329842us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberfhlbny:DiscountNotesPayableFairValueOptionMember2020-12-310001329842us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberfhlbny:ConsolidatedObligationBondsFairValueOptionMember2020-12-310001329842us-gaap:FairValueMeasurementsRecurringMemberfhlbny:DiscountNotesPayableFairValueOptionMember2020-12-310001329842us-gaap:FairValueMeasurementsRecurringMemberfhlbny:ConsolidatedObligationBondsFairValueOptionMember2020-12-310001329842fhlbny:DiscountNotesPayableFairValueOptionMember2019-12-310001329842fhlbny:ConsolidatedObligationBondsFairValueOptionMember2019-12-310001329842fhlbny:ValleyNationalBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:ValleyNationalBankMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:TopTenAdvanceHoldersMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:TopTenAdvanceHoldersMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:TeachersIns.AndAnnuityAssocOfAmericaMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:TeachersIns.AndAnnuityAssocOfAmericaMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:SignatureBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:SignatureBankMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:NewYorkLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:NewYorkLifeInsuranceCompanyMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:NewYorkCommunityBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:NewYorkCommunityBankMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:MetropolitanTowerLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:MetropolitanTowerLifeInsuranceCompanyMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:MetropolitanLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:MetropolitanLifeInsuranceCompanyMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:MetlifeIncMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:MetlifeIncMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:InvestorsBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:InvestorsBankMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:InsuranceCompaniesMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:HsbcBankUsaNationalAssociationMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:HsbcBankUsaNationalAssociationMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:EquitableFinancialLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:EquitableFinancialLifeInsuranceCompanyMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:CitibankNationalAssociationMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:CitibankNationalAssociationMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2021-01-012021-03-310001329842fhlbny:ValleyNationalBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:ValleyNationalBankMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:TopTenAdvanceHoldersMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:TopTenAdvanceHoldersMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:ThePrudentialInsuranceCompanyOfAmericaMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:ThePrudentialInsuranceCompanyOfAmericaMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:SignatureBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:SignatureBankMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:NewYorkLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:NewYorkLifeInsuranceCompanyMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:NewYorkCommunityBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:NewYorkCommunityBankMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:MetropolitanTowerLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:MetropolitanTowerLifeInsuranceCompanyMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:MetropolitanLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:MetropolitanLifeInsuranceCompanyMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:MetlifeIncMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:MetlifeIncMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:InvestorsBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:InvestorsBankMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:InsuranceCompaniesMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:HsbcBankUsaNationalAssociationMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:HsbcBankUsaNationalAssociationMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:EquitableFinancialLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:EquitableFinancialLifeInsuranceCompanyMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:CitibankNationalAssociationMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:CitibankNationalAssociationMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-12-310001329842fhlbny:ValleyNationalBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:ValleyNationalBankMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:TopTenAdvanceHoldersMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:TopTenAdvanceHoldersMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:SignatureBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:SignatureBankMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:NewYorkLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:NewYorkLifeInsuranceCompanyMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:NewYorkCommunityBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:NewYorkCommunityBankMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:MetropolitanLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:MetropolitanLifeInsuranceCompanyMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:InvestorsBankMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:InvestorsBankMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:HsbcBankUsaNationalAssociationMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:HsbcBankUsaNationalAssociationMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:GoldmanSachsBankUnitedStatesOfAmericaMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:GoldmanSachsBankUnitedStatesOfAmericaMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:CitibankNationalAssociationMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:CitibankNationalAssociationMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:AxaEquitableLifeInsuranceCompanyMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-03-310001329842fhlbny:AxaEquitableLifeInsuranceCompanyMemberfhlbny:InterestIncomeFederalHomeLoanBankAdvancesTopTenAdvanceHoldersMemberus-gaap:CustomerConcentrationRiskMember2020-01-012020-03-310001329842us-gaap:RetainedEarningsUnappropriatedMember2021-01-012021-03-310001329842us-gaap:RetainedEarningsMember2021-01-012021-03-310001329842us-gaap:RetainedEarningsAppropriatedMember2021-01-012021-03-310001329842us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-03-310001329842us-gaap:RetainedEarningsUnappropriatedMember2020-01-012020-03-310001329842us-gaap:RetainedEarningsMember2020-01-012020-03-310001329842us-gaap:RetainedEarningsAppropriatedMember2020-01-012020-03-310001329842us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-03-310001329842us-gaap:CommonClassBMember2020-12-310001329842us-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMemberus-gaap:InterestIncomeMember2021-01-012021-03-310001329842us-gaap:InterestRateContractMemberus-gaap:FairValueHedgingMemberus-gaap:InterestIncomeMember2020-01-012020-03-310001329842us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-03-310001329842us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001329842us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2021-03-310001329842us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2021-03-310001329842us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-03-310001329842us-gaap:EstimateOfFairValueFairValueDisclosureMember2021-03-310001329842us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-03-310001329842us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2020-12-310001329842us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2020-12-310001329842us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001329842us-gaap:EstimateOfFairValueFairValueDisclosureMember2020-12-310001329842us-gaap:CarryingReportedAmountFairValueDisclosureMember2020-12-310001329842us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FixedIncomeInterestRateMemberus-gaap:USTreasuryAndGovernmentMember2021-03-310001329842us-gaap:AssetBackedSecuritiesMemberus-gaap:USTreasuryAndGovernmentMember2021-03-310001329842us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FixedIncomeInterestRateMemberus-gaap:USTreasuryAndGovernmentMember2020-12-310001329842us-gaap:AssetBackedSecuritiesMemberus-gaap:USTreasuryAndGovernmentMember2020-12-310001329842us-gaap:FairValueHedgingMember2021-03-310001329842us-gaap:CollateralizedMortgageObligationsMemberus-gaap:VariableIncomeInterestRateMemberus-gaap:USTreasuryAndGovernmentMember2021-03-310001329842fhlbny:CommercialMortgageBackedSecuritiesBeforeHedgingAdjustmentsMemberus-gaap:FixedIncomeInterestRateMemberus-gaap:USTreasuryAndGovernmentMember2021-03-310001329842fhlbny:AvailableForSaleSecuritiesBeforeHedgingAdjustmentMemberus-gaap:USTreasuryAndGovernmentMember2021-03-310001329842us-gaap:USTreasuryAndGovernmentMember2021-03-310001329842us-gaap:CollateralizedMortgageObligationsMemberus-gaap:VariableIncomeInterestRateMemberus-gaap:USTreasuryAndGovernmentMember2020-12-310001329842fhlbny:CommercialMortgageBackedSecuritiesBeforeHedgingAdjustmentsMemberus-gaap:FixedIncomeInterestRateMemberus-gaap:USTreasuryAndGovernmentMember2020-12-310001329842fhlbny:AvailableForSaleSecuritiesBeforeHedgingAdjustmentMemberus-gaap:USTreasuryAndGovernmentMember2020-12-310001329842us-gaap:USTreasuryAndGovernmentMember2020-12-310001329842us-gaap:FairValueHedgingMember2020-12-310001329842us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001329842us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-03-310001329842us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001329842us-gaap:FairValueMeasurementsRecurringMember2021-03-310001329842us-gaap:FairValueMeasurementsNonrecurringMember2021-03-310001329842us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001329842us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-12-310001329842us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001329842us-gaap:FairValueMeasurementsRecurringMember2020-12-310001329842us-gaap:FairValueMeasurementsNonrecurringMember2020-12-310001329842fhlbny:RelatedPartyFederalHomeLoanBankMember2021-03-310001329842fhlbny:RelatedPartyFederalHomeLoanBankMember2020-12-3100013298422019-12-310001329842us-gaap:CorporateNoteSecuritiesMember2021-03-310001329842us-gaap:CorporateNoteSecuritiesMember2020-12-310001329842us-gaap:USTreasuryNotesSecuritiesMember2021-03-310001329842us-gaap:USTreasuryBillSecuritiesMember2021-03-310001329842us-gaap:USTreasuryNotesSecuritiesMember2020-12-310001329842us-gaap:USTreasuryBillSecuritiesMember2020-12-310001329842fhlbny:SupplementalExecutiveRetirementDefinedBenefitAndDefinedContributionBenefitEqualizationPlanMember2021-01-012021-03-310001329842fhlbny:AccountingStandardsUpdate202004Memberus-gaap:SubsequentEventMemberus-gaap:LondonInterbankOfferedRateLIBORMember2021-05-012021-05-310001329842fhlbny:MortgagePartnershipFinanceProgramServicesMembersrt:FederalHomeLoanBankOfChicagoMember2021-03-310001329842fhlbny:MortgagePartnershipFinanceProgramServicesMembersrt:FederalHomeLoanBankOfChicagoMember2020-12-310001329842srt:MinimumMemberfhlbny:UninsuredLoanMember2021-01-012021-03-310001329842srt:MinimumMemberfhlbny:UninsuredLoanMember2020-01-012020-12-310001329842fhlbny:FederalHomeLoanBankConsolidatedObligationDiscountNotesOnDerivativesMemberfhlbny:DiscontinuedHedgingRelationshipMember2020-12-310001329842fhlbny:FederalHomeLoanBankConsolidatedObligationsBondsDerivativesMemberfhlbny:DiscontinuedHedgingRelationshipMember2021-03-310001329842fhlbny:FederalHomeLoanBankConsolidatedObligationsBondsDerivativesMemberfhlbny:DiscontinuedHedgingRelationshipMember2020-12-310001329842us-gaap:FederalHomeLoanBankAdvancesMemberfhlbny:DiscontinuedHedgingRelationshipMember2021-03-310001329842us-gaap:FederalHomeLoanBankAdvancesMemberfhlbny:DiscontinuedHedgingRelationshipMember2020-12-310001329842fhlbny:TopTenAdvanceHoldersMemberfhlbny:ParValueOfAdvancesTotalMemberus-gaap:CreditConcentrationRiskMember2021-03-310001329842srt:MinimumMemberus-gaap:AssetBackedSecuritiesMember2021-01-012021-03-310001329842srt:MaximumMemberus-gaap:AssetBackedSecuritiesMember2021-01-012021-03-310001329842srt:MaximumMemberus-gaap:AssetBackedSecuritiesMember2020-01-012020-12-310001329842us-gaap:AssetBackedSecuritiesMember2021-01-012021-03-310001329842us-gaap:ConventionalLoanMember2021-01-012021-03-310001329842fhlbny:FederalHousingAdministrationLoanAndVeteransAdministrationLoanMember2021-01-012021-03-310001329842us-gaap:ConventionalLoanMember2020-01-012020-12-310001329842fhlbny:FederalHousingAdministrationLoanAndVeteransAdministrationLoanMember2020-01-012020-12-310001329842fhlbny:ConsolidatedObligationBondsMemberfhlbny:StepUpCallableBondMember2021-03-310001329842fhlbny:ConsolidatedObligationBondsMemberfhlbny:SingleIndexFloatingRateBondMember2021-03-310001329842fhlbny:ConsolidatedObligationBondsMemberfhlbny:FloatingRateCallableBondMember2021-03-310001329842fhlbny:ConsolidatedObligationBondsMemberfhlbny:FixedRateNonCallableBondMember2021-03-310001329842fhlbny:ConsolidatedObligationBondsMemberfhlbny:FixedRateCallableBondMember2021-03-310001329842fhlbny:ConsolidatedObligationBondsMemberfhlbny:SingleIndexFloatingRateBondMember2020-12-310001329842fhlbny:ConsolidatedObligationBondsMemberfhlbny:FixedRateNonCallableBondMember2020-12-310001329842fhlbny:ConsolidatedObligationBondsMemberfhlbny:FixedRateCallableBondMember2020-12-310001329842srt:MinimumMember2021-03-310001329842srt:SingleFamilyMemberfhlbny:FixedMediumTermMortgageMember2021-03-310001329842srt:SingleFamilyMemberfhlbny:FixedLongTermMortgageMember2021-03-310001329842us-gaap:MortgageReceivablesMember2021-03-310001329842srt:SingleFamilyMemberfhlbny:FixedMediumTermMortgageMember2020-12-310001329842srt:SingleFamilyMemberfhlbny:FixedLongTermMortgageMember2020-12-310001329842us-gaap:MortgageReceivablesMember2020-12-310001329842us-gaap:GuaranteeOfIndebtednessOfOthersMemberfhlbny:OtherFederalHomeLoanBanksMember2021-01-012021-03-310001329842us-gaap:ConventionalLoanMember2021-03-310001329842fhlbny:ConventionalLoanOriginatedPriorTo2017Member2021-03-310001329842fhlbny:ConventionalLoanOriginated2017To2021Member2021-03-310001329842us-gaap:ConventionalLoanMember2020-12-310001329842fhlbny:ConventionalLoanOriginatedPriorTo2016Member2020-12-310001329842fhlbny:ConventionalLoanOriginated2016To2020Member2020-12-310001329842us-gaap:LoansReceivableMember2021-03-310001329842us-gaap:InterestBearingDepositsMember2021-03-310001329842fhlbny:SecuritiesPurchasedUnderAgreementsToResellMember2021-03-310001329842fhlbny:FederalFundsSoldMember2021-03-310001329842us-gaap:LoansReceivableMember2020-12-310001329842us-gaap:InterestBearingDepositsMember2020-12-310001329842fhlbny:SecuritiesPurchasedUnderAgreementsToResellMember2020-12-310001329842fhlbny:FederalFundsSoldMember2020-12-310001329842fhlbny:RelatedPartyFederalHomeLoanBankMember2021-01-012021-03-310001329842fhlbny:RelatedPartyFederalHomeLoanBankMember2020-01-012020-03-310001329842fhlbny:CommonClassBActivityBasedCapitalStockMember2021-01-012021-03-310001329842fhlbny:CommonClassBMembershipCapitalStockMember2021-01-012021-03-310001329842srt:MinimumMember2021-01-012021-03-310001329842fhlbny:FederalHomeLoanBankConsolidatedObligationsFairValueOptionMember2021-01-012021-03-310001329842fhlbny:FederalHomeLoanBankConsolidatedObligationsFairValueOptionMember2020-01-012020-03-310001329842fhlbny:DiscountNotesPayableFairValueOptionMember2021-01-012021-03-310001329842fhlbny:ConsolidatedObligationBondsFairValueOptionMember2021-01-012021-03-310001329842fhlbny:DiscountNotesPayableFairValueOptionMember2020-01-012020-12-310001329842fhlbny:ConsolidatedObligationBondsFairValueOptionMember2020-01-012020-12-310001329842fhlbny:DiscountNotesPayableFairValueOptionMember2020-01-012020-03-310001329842fhlbny:ConsolidatedObligationBondsFairValueOptionMember2020-01-012020-03-310001329842fhlbny:FederalHomeLoanBankMemberAdvancesFairValueOptionMember2021-03-310001329842fhlbny:FederalHomeLoanBankConsolidatedObligationsFairValueOptionMember2021-03-310001329842fhlbny:DiscountNotesPayableFairValueOptionMember2021-03-310001329842fhlbny:ConsolidatedObligationBondsFairValueOptionMember2021-03-310001329842fhlbny:FederalHomeLoanBankMemberAdvancesFairValueOptionMember2020-12-310001329842fhlbny:FederalHomeLoanBankConsolidatedObligationsFairValueOptionMember2020-12-310001329842fhlbny:DiscountNotesPayableFairValueOptionMember2020-12-310001329842fhlbny:ConsolidatedObligationBondsFairValueOptionMember2020-12-310001329842fhlbny:FederalHomeLoanBankMemberAdvancesFairValueOptionMember2020-03-310001329842fhlbny:FederalHomeLoanBankConsolidatedObligationsFairValueOptionMember2020-03-310001329842fhlbny:DiscountNotesPayableFairValueOptionMember2020-03-310001329842fhlbny:ConsolidatedObligationBondsFairValueOptionMember2020-03-310001329842fhlbny:DiscountNotesPayableMember2021-03-310001329842fhlbny:DiscountNotesPayableMember2020-12-310001329842fhlbny:ConsolidatedObligationBondsMember2021-03-310001329842fhlbny:ConsolidatedObligationBondsMember2020-12-3100013298422020-03-310001329842us-gaap:InterestRateContractMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001329842us-gaap:InterestRateContractMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001329842us-gaap:InterestRateContractMemberus-gaap:FairValueMeasurementsRecurringMember2021-03-310001329842us-gaap:InterestRateContractMemberus-gaap:FairValueMeasurementsRecurringMember2020-12-310001329842us-gaap:OverTheCounterMember2021-03-310001329842us-gaap:ExchangeClearedMember2021-03-310001329842us-gaap:OverTheCounterMember2020-12-310001329842us-gaap:ExchangeClearedMember2020-12-3100013298422015-01-012015-01-010001329842us-gaap:MortgageBackedSecuritiesMemberus-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember2021-03-310001329842us-gaap:MortgageBackedSecuritiesMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember2021-03-310001329842us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2021-03-310001329842us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember2021-03-310001329842us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember2021-03-310001329842fhlbny:CollateralizedMortgageObligationsRealEstateInvestmentConduitMemberus-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2021-03-310001329842fhlbny:CollateralizedMortgageObligationsRealEstateInvestmentConduitMemberus-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember2021-03-310001329842fhlbny:CollateralizedMortgageObligationsRealEstateInvestmentConduitMemberus-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember2021-03-310001329842fhlbny:CollateralizedMortgageObligationsRealEstateInvestmentConduitMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember2021-03-310001329842fhlbny:CollateralizedManufacturedHousingMortgageBackedSecuritiesMemberfhlbny:CollateralizedMortgageBackedSecuritiesInsuredMember2021-03-310001329842us-gaap:USStatesAndPoliticalSubdivisionsMember2021-03-310001329842us-gaap:MortgageBackedSecuritiesMember2021-03-310001329842us-gaap:MortgageBackedSecuritiesMemberus-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember2020-12-310001329842us-gaap:MortgageBackedSecuritiesMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember2020-12-310001329842us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2020-12-310001329842us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember2020-12-310001329842us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember2020-12-310001329842fhlbny:CollateralizedMortgageObligationsRealEstateInvestmentConduitMemberus-gaap:USGovernmentCorporationsAndAgenciesSecuritiesMember2020-12-310001329842fhlbny:CollateralizedMortgageObligationsRealEstateInvestmentConduitMemberus-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember2020-12-310001329842fhlbny:CollateralizedMortgageObligationsRealEstateInvestmentConduitMemberus-gaap:FederalNationalMortgageAssociationCertificatesAndObligationsFNMAMember2020-12-310001329842fhlbny:CollateralizedMortgageObligationsRealEstateInvestmentConduitMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember2020-12-310001329842fhlbny:CollateralizedManufacturedHousingMortgageBackedSecuritiesMemberfhlbny:CollateralizedMortgageBackedSecuritiesInsuredMember2020-12-310001329842us-gaap:USStatesAndPoliticalSubdivisionsMember2020-12-310001329842us-gaap:MortgageBackedSecuritiesMember2020-12-3100013298422021-02-012021-02-280001329842us-gaap:LeaseAgreementsMembersrt:OfficeBuildingMember2021-03-310001329842us-gaap:LeaseAgreementsMemberfhlbny:SharedOffsiteDataBackupSiteMember2021-03-310001329842us-gaap:StandbyLettersOfCreditMember2021-03-310001329842us-gaap:LoanPurchaseCommitmentsMember2021-03-310001329842fhlbny:TradedButNotSettledConsolidatedObligationsBondsAndDiscountNotesMember2021-03-310001329842fhlbny:PentegraDefinedBenefitPlanForFinancialInstitutionsMember2021-03-310001329842fhlbny:OtherLiabilityMember2021-03-310001329842fhlbny:OtherCommitmentsMember2021-03-310001329842fhlbny:MandatorilyRedeemableCommonStockMember2021-03-310001329842fhlbny:DiscountNotesPayableMember2021-03-310001329842fhlbny:ContractualObligationsMember2021-03-310001329842fhlbny:ConsolidatedObligationBondsMember2021-03-310001329842us-gaap:CommonClassBMember2021-01-012021-03-310001329842us-gaap:CommonClassBMember2021-03-310001329842fhlbny:ActiveHedgingRelationshipMemberus-gaap:USTreasuryAndGovernmentMember2021-03-310001329842fhlbny:ActiveHedgingRelationshipMemberus-gaap:USTreasuryAndGovernmentMember2020-12-310001329842srt:MaximumMemberfhlbny:CommonClassBMembershipCapitalStockMember2021-01-012021-03-3100013298422020-01-012020-03-310001329842us-gaap:ConventionalLoanMember2020-01-012020-03-3100013298422020-01-012020-12-310001329842fhlbny:CollateralizedMortgageObligationsRealEstateInvestmentConduitMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2021-03-310001329842fhlbny:CollateralizedHomeEquityMortgageBackedSecuritiesMemberfhlbny:CollateralizedMortgageBackedSecuritiesUninsuredMember2021-03-310001329842fhlbny:CollateralizedHomeEquityMortgageBackedSecuritiesMemberfhlbny:CollateralizedMortgageBackedSecuritiesInsuredMember2021-03-310001329842us-gaap:MortgageBackedSecuritiesOtherMember2021-03-310001329842us-gaap:AssetBackedSecuritiesMember2021-03-3100013298422021-03-310001329842fhlbny:CollateralizedMortgageObligationsRealEstateInvestmentConduitMemberus-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2020-12-310001329842fhlbny:CollateralizedHomeEquityMortgageBackedSecuritiesMemberfhlbny:CollateralizedMortgageBackedSecuritiesUninsuredMember2020-12-310001329842fhlbny:CollateralizedHomeEquityMortgageBackedSecuritiesMemberfhlbny:CollateralizedMortgageBackedSecuritiesInsuredMember2020-12-310001329842us-gaap:MortgageBackedSecuritiesOtherMember2020-12-310001329842us-gaap:AssetBackedSecuritiesMember2020-12-3100013298422020-12-3100013298422021-04-3000013298422021-01-012021-03-31xbrli:sharesiso4217:USDxbrli:purefhlbny:itemfhlbny:Institutionfhlbny:planiso4217:USDxbrli:shares

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2021

or

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from               to              

Commission file number: 000-51397

FEDERAL HOME LOAN BANK OF NEW YORK

(Exact name of registrant as specified in its charter)

Federally chartered corporation

    

13-6400946

(State or other jurisdiction of

(I.R.S. Employer

incorporation or organization)

Identification No.)

101 Park Avenue, New York, New York

10178

(Address of principal executive offices)

(Zip Code)

(212) 681-6000

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

None

N/A

N/A

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

Accelerated filer

Non-accelerated filer

Smaller reporting company

Emerging growth company

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.

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No

The number of shares outstanding of issuer’s Class B capital stock as of April 30, 2021 was 52,249,330.

Table of Contents

FEDERAL HOME LOAN BANK OF NEW YORK

FORM 10-Q FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2021

Table of Contents

 

Page

 

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements (Unaudited):

Statements of Condition (Unaudited) as of March 31, 2021 and December 31, 2020

3

Statements of Income (Unaudited) for the Three Months Ended March 31, 2021 and 2020

4

Statements of Comprehensive Income (Unaudited) for the Three Months Ended March 31, 2021 and 2020

5

Statements of Capital (Unaudited) for the Three Months Ended March 31, 2021 and 2020

6

Statements of Cash Flows (Unaudited) for the Three Months Ended March 31, 2021 and 2020

7

Notes to Financial Statements (Unaudited)

9

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

63

Item 3. Quantitative and Qualitative Disclosures about Market Risk

117

Item 4. Controls and Procedures

122

PART II. OTHER INFORMATION

123

Item 1. Legal Proceedings

123

Item 1A. Risk Factors

123

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

123

Item 3. Defaults Upon Senior Securities

123

Item 4. Mine Safety Disclosures

123

Item 5. Other Information

123

Item 6. Exhibits

124

Signatures

125

2

Table of Contents

Federal Home Loan Bank of New York

Statements of Condition — Unaudited (In Thousands, Except Par Value of Capital Stock)

As of March 31, 2021 and December 31, 2020

    

March 31, 2021

    

December 31, 2020

Assets

Cash and due from banks (Note 3)

$

2,282,815

$

1,896,155

Interest-bearing deposits (Note 4)

675,000

685,000

Securities purchased under agreements to resell (Note 4)

 

 

4,650,000

Federal funds sold (Note 4)

 

8,511,000

 

6,280,000

Trading securities (Note 5) (Includes $627,685 pledged as collateral at March 31, 2021 and $630,372 at December 31, 2020)

9,582,233

11,742,965

Equity Investments (Note 6)

86,358

80,369

Available-for-sale securities, net of unrealized gains (losses) of $150,861 at March 31, 2021 and $280,626 at December 31, 2020 (Note 7)

 

3,618,298

 

3,435,945

Held-to-maturity securities, net of allowance for credit losses of $971 at March 31, 2021 and $980 at December 31, 2020 (Note 8) (Includes $2,422 pledged as collateral at March 31, 2021 and $2,680 at December 31, 2020)

12,366,207

12,873,646

Advances (Note 9) (Includes $0 at March 31, 2021 and December 31, 2020 at fair value under the fair value option)

 

90,072,485

 

92,067,104

Mortgage loans held-for-portfolio, net of allowance for credit losses of $5,747 at March 31, 2021 and $7,073 at December 31, 2020 (Note 10)

 

2,710,840

 

2,899,712

Loans to other FHLBanks (Note 20)

Accrued interest receivable

 

166,995

 

189,454

Premises, software, and equipment

 

77,082

 

77,628

Operating lease right-of-use assets (Note 19)

69,472

70,733

Derivative assets (Note 17)

 

48,024

 

36,669

Other assets

 

8,751

 

11,003

Total assets

$

130,275,560

$

136,996,383

Liabilities and capital

Liabilities

Deposits (Note 11)

Interest-bearing demand

$

1,843,807

$

1,677,526

Non-interest-bearing demand

 

67,739

 

70,437

Term

 

 

5,000

Total deposits

 

1,911,546

 

1,752,963

Consolidated obligations, net (Note 12)

Bonds (Includes $15,857,603 at March 31, 2021 and $16,580,464 at December 31, 2020 at fair value under the fair value option)

 

71,905,612

 

69,716,298

Discount notes (Includes $2,449,831 at March 31, 2021 and $7,133,755 at December 31, 2020 at fair value under the fair value option)

 

48,617,164

 

57,658,838

Total consolidated obligations

 

120,522,776

 

127,375,136

Mandatorily redeemable capital stock (Note 14)

 

 

2,651

2,991

Accrued interest payable

 

122,271

 

117,982

Affordable Housing Program (Note 13)

 

152,176

 

148,827

Derivative liabilities (Note 17)

 

56,216

 

70,760

Other liabilities

 

186,799

 

186,550

Operating lease liabilities (Note 19)

83,130

84,475

Total liabilities

 

123,037,565

 

129,739,684

Commitments and Contingencies (Notes 14, 17 and 19)

Capital (Note 14)

Capital stock ($100 par value), putable, issued and outstanding shares: 53,141 at March 31, 2021 and 53,669 at December 31, 2020

 

5,314,134

 

5,366,830

Retained earnings

Unrestricted

 

1,122,293

 

1,135,341

Restricted (Note 14)

 

788,717

 

774,275

Total retained earnings

 

1,911,010

 

1,909,616

Total accumulated other comprehensive income (loss)

 

12,851

 

(19,747)

Total capital

 

7,237,995

 

7,256,699

Total liabilities and capital

$

130,275,560

$

136,996,383

The accompanying notes are an integral part of these financial statements.

3

Table of Contents

Federal Home Loan Bank of New York

Statements of Income — Unaudited (In Thousands, Except Per Share Data)

For the Three Months Ended March 31, 2021 and 2020

Three months ended March 31, 

    

2021

    

2020

Interest income

Advances, net (Note 9)

$

139,828

$

464,565

Interest-bearing deposits (Note 4)

 

333

 

2,127

Securities purchased under agreements to resell (Note 4)

 

464

 

26,350

Federal funds sold (Note 4)

 

2,312

 

28,935

Trading securities (Note 5)

40,630

74,997

Available-for-sale securities (Note 7)

 

15,178

 

17,153

Held-to-maturity securities (Note 8)

 

64,390

 

99,866

Mortgage loans held-for-portfolio (Note 10)

 

19,140

 

26,026

Loans to other FHLBanks (Note 20)

 

 

33

Total interest income

 

282,275

 

740,052

Interest expense

Consolidated obligation bonds (Note 12)

 

93,966

 

356,557

Consolidated obligation discount notes (Note 12)

 

29,612

 

227,333

Deposits (Note 11)

 

106

 

3,228

Mandatorily redeemable capital stock (Note 14)

 

34

 

79

Cash collateral held and other borrowings

 

19

 

62

Total interest expense

 

123,737

 

587,259

Net interest income before provision for credit losses

 

158,538

 

152,793

Provision (Reversal) for credit losses

 

(1,285)

 

136

Net interest income after provision for credit losses

 

159,823

 

152,657

Other income (loss)

Service fees and other

 

4,132

 

4,651

Instruments held under the fair value option gains (losses) (Note 18)

 

62

 

(21,954)

Derivative gains (losses) (Note 17)

 

(4,309)

 

(164,170)

Trading securities gains (losses) (Note 5)

(34,803)

197,252

Equity investments gains (losses) (Note 6)

2,300

(8,050)

Total other income (loss)

 

(32,618)

 

7,729

Other expenses

Operating

 

14,247

 

13,433

Compensation and benefits

 

24,327

 

23,377

Finance Agency and Office of Finance

 

5,620

 

4,451

Other expenses

2,775

2,331

Total other expenses

 

46,969

 

43,592

Income before assessments

 

80,236

 

116,794

Affordable Housing Program Assessments (Note 13)

 

8,027

 

11,687

Net income

$

72,209

$

105,107

Basic earnings per share (Note 15)

$

1.36

$

1.80

The accompanying notes are an integral part of these financial statements.

4

Table of Contents

Federal Home Loan Bank of New York

Statements of Comprehensive Income — Unaudited (In Thousands)

For the Three Months Ended March 31, 2021 and 2020

Three months ended March 31, 

    

2021

    

2020

Net Income

$

72,209

$

105,107

Other Comprehensive income (loss)

Net change in unrealized gains (losses) on available-for-sale securities

(129,765)

128,401

Net change in non-credit accretion portion of held-to-maturity securities

Non-credit portion of other-than-temporary impairment gains (losses)

Reclassification of non-credit portion included in net income

Accretion of non-credit portion

 

457

 

551

Total net change in non-credit portion of other-than-temporary impairment losses on held-to-maturity securities

457

551

Net change due to hedging activities

Cash flow hedges (a)

82,861

(152,832)

Fair value hedges (b)

77,393

(54,985)

Total net change due to hedging activities

 

160,254

 

(207,817)

Net change in pension and postretirement benefits

 

1,652

 

1,276

Total other comprehensive income (loss)

 

32,598

 

(77,589)

Total comprehensive income (loss)

$

104,807

$

27,518

(a)

Represents changes in the fair values of derivatives in cash flow hedging programs, primarily from open contracts in the hedging of rolling issuance of CO discount notes, and any open contracts in cash flow hedges of anticipatory issuance of CO bonds. Also includes unamortized gains and losses related to closed cash flow hedges that will be amortized in future periods from AOCI to Interest expense. For more information, see table “Cash flow hedge gains and losses” in Note 17. Derivatives and Hedging Activities.

(b)

Represents cumulative hedge valuation basis adjustments on fair value hedges of AFS securities under the partial-term hedging provisions of ASU 2017-12. Amounts represent change in the benchmark rate of the hedged securities. Changes in the benchmark rate on ASC 815 qualifying fair value hedges are recorded through earnings with an offset to the carrying values of the hedged AFS securities. Changes in marked-to-market values of AFS securities are recorded to adjust the amortized cost of AFS securities with an offset in AOCI. In AOCI, the marked-to-market gains and losses are reported separately from ASC 815 valuation changes due to changes in the benchmark rate.

The accompanying notes are an integral part of these financial statements.

5

Table of Contents

Federal Home Loan Bank of New York

Statements of Capital — Unaudited (In Thousands, Except Per Share Data)

For the Three Months Ended March 31, 2021 and 2020

Accumulated

Capital Stock (a)

Other

Class B

Retained Earnings

Comprehensive

Total

    

Shares

    

Par Value

    

Unrestricted

    

Restricted

    

Total

    

Income (Loss)

    

Capital

Balance, December 31, 2019

 

57,787

$

5,778,666

$

1,115,236

$

685,798

$

1,801,034

$

(47,805)

$

7,531,895

Adjustments to opening balances (b)

(3,773)

(3,773)

(3,773)

Proceeds from issuance of capital stock

36,187

3,618,725

3,618,725

Repurchase/redemption of capital stock

 

(20,847)

 

(2,084,688)

 

 

(2,084,688)

Cash dividends ($1.60 per share) on capital stock

 

 

(87,715)

 

 

(87,715)

 

 

(87,715)

Comprehensive income (loss)

 

 

84,085

 

21,022

 

105,107

 

(77,589)

 

27,518

Balance, March 31, 2020

 

73,127

$

7,312,703

$

1,107,833

$

706,820

$

1,814,653

$

(125,394)

$

9,001,962

Balance, December 31, 2020

 

53,669

$

5,366,830

$

1,135,341

$

774,275

$

1,909,616

$

(19,747)

$

7,256,699

Proceeds from issuance of capital stock

 

6,706

 

670,678

 

 

 

 

 

670,678

Repurchase/redemption of capital stock

(7,233)

(723,330)

(723,330)

Shares reclassified to mandatorily redeemable capital stock

(1)

(44)

(44)

Cash dividends ($1.26 per share) on capital stock

 

 

 

(70,815)

 

 

(70,815)

 

 

(70,815)

Comprehensive income (loss)

 

 

 

57,767

 

14,442

 

72,209

 

32,598

 

104,807

Balance, March 31, 2021

 

53,141

$

5,314,134

$

1,122,293

$

788,717

$

1,911,010

$

12,851

$

7,237,995

(a)Putable stock. Cash dividends paid — Dividends per share and aggregate dividends were paid on a single class of shares of capital stock. For more information, see Note 14. Capital Stock, Mandatorily Redeemable Capital Stock and Restricted Retained Earnings.
(b)Charge to retained earnings was a cumulative effect adjustment to the opening balance upon adoption of ASU 2016 – 13, representing the difference between credit loss calculations based on the incurred loss methodology and the Current Expected Credit Losses (CECL) framework.

The accompanying notes are an integral part of these financial statements.

6

Table of Contents

Federal Home Loan Bank of New York

Statements of Cash Flows — Unaudited (In Thousands)

For the Three Months Ended March 31, 2021 and 2020

Three months ended March 31, 

    

2021

    

2020

Operating activities

Net Income

$

72,209

$

105,107

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization:

Net premiums and discounts on consolidated obligations, investments, mortgage loans and other adjustments (a)

 

31,423

 

(207,687)

Concessions on consolidated obligations

 

833

 

1,461

Premises, software, and equipment

 

3,034

 

2,599

Provision (Reversal) for credit losses

(1,285)

136

Change in net fair value adjustments on derivatives and hedging activities (b)

 

231,079

 

(569,900)

Net realized and unrealized (gains) losses on trading securities

34,803

(197,252)

Change in fair value on Equity Investments

(2,039)

8,283

Change in fair value adjustments on financial instruments held at fair value

 

(62)

 

21,954

Net change in:

Accrued interest receivable

 

22,545

 

13,780

Derivative assets due to accrued interest

 

28,044

 

32,020

Derivative liabilities due to accrued interest

 

(24,073)

 

(2,552)

Other assets

 

2,228

 

1,981

Affordable Housing Program liability

 

3,349

 

1,717

Accrued interest payable

 

4,289

 

48,715

Other liabilities

 

2,859

 

(7,689)

Total adjustments

 

337,027

 

(852,434)

Net cash provided by (used in) operating activities

$

409,236

$

(747,327)

Investing activities

Net change in:

Interest-bearing deposits

$

167,290

$

(1,819,915)

Securities purchased under agreements to resell

 

4,650,000

 

14,475,000

Federal funds sold

 

(2,231,000)

 

(665,000)

Deposits with other FHLBanks

 

31

 

(205)

Premises, software, and equipment

 

(2,487)

 

(4,917)

Trading securities:

Purchased

(699,160)

(1,345,389)

Repayments

2,815,021

1,350,000

Proceeds from sales

1,532,301

Equity Investments:

Purchased

(4,709)

(2,141)

Proceeds from sales

759

596

Available-for-sale securities:

Purchased

(330,616)

(26,778)

Repayments

 

16,257

 

16,716

Held-to-maturity securities: