Federal Home Loan Bank of New York Announces Three New Members of Its Board of Directors
2024年7月16日 - 2:01AM
The Federal Home Loan Bank of New York (“FHLBNY”) is pleased to
announce that its Board of Directors has selected José Rafael
Fernández, Steven M. Klein and William J. Turner, Jr. to serve as
members of the Board. Each fills the remaining term of
a Member Director seat left vacant by the retirements of
previous Directors.
“Mr. Fernández, Mr. Klein and Mr. Turner will make outstanding
additions to our Board, and the expertise and insights they bring
to their new roles will benefit our entire cooperative,” said Larry
E. Thompson, chairman of the FHLBNY. “I speak on behalf of all my
fellow Directors when I welcome our three newest members to the
Board, and look forward to working together to help further the
positive impact the FHLBNY has on its member institutions and the
communities we all serve.”
Mr. Fernández is the chairman, president and CEO of Oriental
Bank, and has been selected to serve as a Member Director
representing Puerto Rico and the U.S. Virgin Islands members. His
current term will run through December 31, 2025.
Mr. Klein is the chairman, president and CEO of Northfield Bank,
and has been selected to serve as a Member Director representing
New York members. His current term will run through December 31,
2024.
Mr. Turner is senior vice president of Metropolitan Life
Insurance Company, and has been selected to serve as a Member
Director representing New York members. His current term will run
through December 31, 2025.
Federal Home Loan Bank of New YorkThe Federal
Home Loan Bank of New York is a Congressionally chartered,
wholesale Bank. It is part of the Federal Home Loan Bank System, a
national wholesale banking network of 11 regional,
stockholder-owned banks. As of March 31, 2024, the FHLBNY serves
336 member institutions in New Jersey, New York, Puerto Rico, and
the U.S. Virgin Islands. The FHLBNY’s mission is to provide members
with reliable liquidity in support of housing and local community
development.
Safe Harbor Statement Under the Private Securities
Litigation Reform Act of 1995This report may contain
forward-looking statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
These statements are based upon our current expectations and speak
only as of the date hereof. These statements may use
forward-looking terms, such as "projected," "expects," "may," or
their negatives or other variations on these terms. The Bank
cautions that, by their nature, forward-looking statements involve
risk or uncertainty and that actual results could differ materially
from those expressed or implied in these forward-looking statements
or could affect the extent to which a particular objective,
projection, estimate, or prediction is realized. These
forward-looking statements involve risks and uncertainties
including, but not limited to, the Risk Factors set forth in our
Annual Reports on Form 10-K and our Quarterly Reports on Form 10-Q
filed with the SEC, as well as regulatory and accounting rule
adjustments or requirements, changes in interest rates, changes in
projected business volumes, changes in prepayment speeds on
mortgage assets, the cost of our funding, changes in our membership
profile, the withdrawal of one or more large members, competitive
pressures, shifts in demand for our products, and general economic
conditions. Forward-looking statements speak only as of the date
they are made, and we undertake no obligation to revise or update
publicly any forward-looking statements for any reason.
CONTACT: Brian Finnegan(212)
441-6877brian.finnegan@fhlbny.com