UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | January 16, 2014 |
Federal Home Loan Bank of New York
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(Exact name of registrant as specified in its charter)
| Federally Chartered Corporation | 000-51397 | 136400946 |
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_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 101 Park Avenue, Floor 5, New York, New York | 10178-0599 | |
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_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 212-441-6616 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On January 10, 2014, the Federal Home Loan Bank of New York ("FHLBNY") received a letter from Ronald E. Hermance, Jr., in which Mr. Hermance submitted his resignation as a New Jersey Member Director of the FHLBNY. Mr. Hermance’s decision to resign did not involve any disagreement with the FHLBNY.
(d) On January 16, 2014, the FHLBNY's Board of Directors ("Board") voted to elect, effective as of January 17, 2014, and in accordance with applicable laws and regulations, Mr. Kevin Cummings, President and Chief Executive Officer of Investors Bank, Short Hills, NJ, to fill the New Jersey Member Directorship vacancy created by Mr. Hermance's resignation. Mr. Cummings will serve on the Board through and until December 31, 2014, the date on which Mr. Hermance’s term was scheduled to expire. As of the time of this filing, Mr. Cummings has not been named to serve on any committee of the Board for the balance of 2014; further, whether Mr. Cummings is expected to be named to serve on any committee of the Board for the balance of 2014 has not yet been determined. Compensation of Mr. Cummings will be in accordance with the FHLBNY’s 2014 Director Compensation Plan, details of which were disclosed in a Current Report on Form 8-K/A filed on November 22, 2013.
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 hereunto duly authorized.
| Federal Home Loan Bank of New York | ||||
| January 16, 2014 | By: |
/s/ Kevin M. Neylan
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| Name: Kevin M. Neylan | ||||
| Title: Senior Vice President and Chief Financial Officer | ||||