Attached files
| file | filename |
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| 8-K - FEDERAL HOME LOAN BANK OF NEW YORK - Federal Home Loan Bank of New York | fhlb_form8k.htm |
Report From The
President
DATE:
November 15, 2018
FEDERAL HOME
LOAN BANK OF NEW YORK
DECLARES A 6.90% DIVIDEND FOR THE
THIRD QUARTER OF 2018
I am
pleased to announce that, on November 15, 2018, your Board of
Directors approved a dividend for the third quarter of 2018 of
6.90% (annualized). The dollar amount of the dividend will be
approximately $107.4 million. The cash dividend will be distributed
to member financial institutions on November 16, 2018.
Providing
our members with a consistent and reasonable return on their
investment in our cooperative is one of the ways in which we
deliver member value. Our strong performance in the third quarter
of 2018 is reflected not only in our quarterly dividend, but also
in our continued ability to serve as a reliable partner for our
members.
We
filed our Form 10-Q for the third quarter of 2018 with the U.S.
Securities and Exchange Commission on November 8,
2018.
Sincerely,
José
R. González
President
and CEO
# #
#
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995
This
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, 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. We undertake no obligation to revise or update publicly
any forward-looking statements for any reason.
FEDERAL
HOME LOAN BANK OF NEW YORK ● 101 PARK AVENUE ● NEW YORK, NY 10178 ● T: 212.681.6000 ● WWW.FHLBNY.COM