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EX-99.1 - SCHEDULE A - Federal Home Loan Bank of New York | ex_99-1.htm |
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): July 15,
2020
Federal
Home Loan Bank of New York
(Exact name of Registrant as Specified in Its Charter)
Federally Chartered Corporation
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000-51397
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136400946
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(State or Other
Jurisdiction
of Incorporation)
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(Commission File
Number)
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(IRS
Employer
Identification No.)
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101 Park
Avenue,
New York, New York
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10178-0599
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(Address of Principal Executive Offices)
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(Zip Code)
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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 (see General Instructions
A.2. below):
☐
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))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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None
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N/A
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N/A
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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 2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
The Federal Home Loan Bank of New York (the "Bank") obtains most of
its funds from the sale of debt securities, known as consolidated
obligations, in the capital markets. Consolidated obligations,
which consist of bonds and discount notes, are by regulation the
joint and several obligations of the eleven Federal Home Loan
Banks. The Federal Home Loan Banks are regulated by the Federal
Housing Finance Agency (the "Finance Agency") and Finance
Agency’s regulations authorize the Finance Agency to require
any Federal Home Loan Bank to repay all or a portion of the
principal of or interest on consolidated obligations for which
another Federal Home Loan Bank is the primary obligor. Consolidated
obligations are sold to the public through the Office of Finance
using authorized securities dealers. Consolidated obligations are
backed only by the financial resources of the eleven Federal Home
Loan Banks and are not guaranteed by the United States
government.
Schedule A sets forth all consolidated obligation bonds and
discount notes committed to be issued by the Federal Home Loan
Banks, for which the Bank is the primary obligor, on the trade
dates indicated, other than discount notes with a maturity of one
year or less that are issued in the ordinary course of business.
Schedule A also includes any consolidated obligations with a
remaining maturity in excess of one year, if any, for which we have
assumed the primary repayment obligation from another Federal Home
Loan Bank.
We may elect to change our method of reporting information on the
issuance or assumption of consolidated obligations at any time. In
reviewing the information in this Current Report on Form 8-K,
please note:
●
although consolidated obligations issuance is material to the Bank,
we have not made a judgment as to the materiality of any particular
consolidated obligation or obligations;
●
Schedule A does not address any interest-rate exchange agreements
(or other derivative instruments) which we may enter into as a
result of our asset and liability management strategies and that
may be associated, directly or indirectly, with one or more of the
reported consolidated obligations;
●
Schedule A will not enable a reader to track changes in the total
consolidated obligations outstanding for which we are the primary
obligor because Schedule A generally excludes consolidated
obligation discount notes with a maturity of one year or less and
does not reflect whether the proceeds from the issuance of the
reported consolidated obligations will be used to, among other
things, satisfy called or maturing consolidated obligations. We
will report the total consolidated obligations outstanding for
which we are the primary obligor in our periodic reports filed with
the Securities and Exchange Commission; and
●
the principal amounts reported on Schedule A represent the
principal amount of the reported consolidated obligations at par,
which may not correspond to the amounts reported in our financial
statements prepared in accordance with generally accepted
accounting principles contained in our periodic reports filed with
the Securities and Exchange Commission, because the par amount does
not account for, among other things, any discounts, premiums or
concessions.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
Number
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Description
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99.1
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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 thereunto duly authorized.
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Federal Home Loan
Bank of New York
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Date: July 21,
2020
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By:
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/s/
Benjamin Tan
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Name: Benjamin Tan
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Title: Assistant Treasurer
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