UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K/A

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Federal Home Loan Bank of New York
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(Exact name of registrant as specified in its charter)

Not Applicable
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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.

(d) Election of Directors.

In a Current Report on Form 8-K dated November 26, 2014, the Federal Home Loan Bank of New York ("Bank") reported the election to the Bank’s Board of Directors ("Board"), for terms beginning on January 1, 2015, of current New Jersey Member Director Mr. Kevin Cummings, new New Jersey Member Director Mr. Christopher P. Martin, new New York Member Director Mr. David J. Nasca, current Independent Director Ms. Anne Evans Estabrook, and current Independent Director Mr. Richard S. Mroz.

8-K rules require that Board committee assignments which were not known at the time of the election of a director be reported when known. On December 18, 2014, the following Directors were appointed by the Board to serve on the following Board committees in the following capacities in 2015:

• Mr. Cummings will serve on the Audit, Corporate Governance and External Affairs, and Housing Committees;

• Ms. Estabrook will serve as the Vice Chair of the Housing Committee and also serve on the Executive and Corporate Governance and External Affairs Committees; and

• Mr. Mroz will serve as the Vice Chair of the Corporate Governance and External Affairs Committee, and also serve on the Executive and ad hoc Technology Committees.

Committee assignments for new Directors Nasca and Martin have not yet been determined by the Board but will be announced when a determination is made.

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.