Attached files
| file | filename |
|---|---|
| EX-4.1 - AMENDED AND RESTATED CAPITAL PLAN OF THE FEDERAL HOME LOAN BANK OF NEW YORK, EFF - Federal Home Loan Bank of New York | fhlbnycapitalplan2-921.htm |
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
Date
of Report (Date of earliest event reported): September 2,
2020
Federal
Home Loan Bank of New York
(Exact name of Registrant as Specified in Its Charter)
|
Federally Chartered Corporation
|
000-51397
|
136400946
|
|
(State or Other
Jurisdiction
of Incorporation)
|
(Commission File
Number)
|
(IRS
Employer
Identification No.)
|
|
|
|
|
|
101 Park
Avenue,
New York, New York
|
|
10178-0599
|
|
(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 (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
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
|
None
|
N/A
|
N/A
|
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 3.03 Material Modification to Rights of Security
Holders.
Item 8.01 Other Events.
On September 2, 2020, the Federal Home Loan Bank of New York
("FHLBNY") filed a Form 8-K indicating that on September 2, 2020, the FHLBNY
notified its members of its amended Capital Plan
(“Plan”) which became effective October 2, 2020. The
FHLBNY noted that the amended Plan included a capital stock
purchase requirement for all new and renewing Letters of Credit. At
the time, the FHLBNY said that the specific purchase requirement
would be announced by the FHLBNY at least 10 days ahead of
the implementation date, that the implementation of the new
purchase requirement was expected to take place no later than March
31, 2021, and that the purchase requirement would be between 0.10%
and 2.50% of the outstanding principal balance of new and renewing
Letters of Credit.
On February 10, 2021, the FHLBNY announced to its members that,
effective March 1, 2021, the FHLBNY will implement an
activity-based capital stock purchase requirement of 0.125% on the
outstanding principal balance of new and renewing Letters of Credit
issued by the FHLBNY on a Member’s behalf.
The foregoing is qualified in its entirety by reference to a copy
of the amended Plan included herein as Exhibit 4.1 to this Current
Report on Form 8-K.
(d)
Exhibits.
|
Exhibit
Number
|
|
Description
|
|
|
|
|
|
|
|
4.1
|
|
Amended and Restated Capital Plan of the Federal Home Loan Bank of New York, effective as of October 2, 2020 (with update to Appendix I effective as of March 1, 2021). |
|
|
|
|
|
|
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.
|
|
Federal Home Loan
Bank of New York
|
|
|
|
|
|
|
|
|
Date: February 10,
2021
|
By:
|
/s/
Kevin M.
Neylan
|
|
|
|
|
Name: Kevin
M. Neylan
|
|
|
|
|
Title: Senior
Vice President and Chief Financial Officer
|
|