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): | October 20, 2017 |
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, 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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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. [ ]
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 20, 2017, the Federal Home Loan Bank of New York (the "Bank") received notification from its regulator, the Federal Housing Finance Agency, that it had no comments regarding a clarifying amendment to the Bank’s Supplemental Executive Retirement Defined Benefit & Defined Contribution Benefit Equalization Plan (the "Plan") that was previously approved by the Bank’s Board of Directors and scheduled to become effective as of January 1, 2018, subject to any comment from the regulator. The amendment updates the eligibility requirements for participation in the Plan’s Defined Contribution Plan Component (as defined in the Plan) to eliminate the three-year waiting period; however, employees must still be serving at the rank of a Vice President or above to be eligible to participate. The eligibility requirements for the Plan’s Retirement Plan Component (as defined in the Plan) remains unchanged. A copy of the Plan, as amended, will be included in the Bank’s Annual Report on Form 10-K for the year 2017.
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 | ||||
| October 23, 2017 | By: |
/s/ Kevin M. Neylan
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| Name: Kevin M. Neylan | ||||
| Title: Senior Vice President and Chief Financial Officer | ||||