The Federal Home Loan Bank of New York announces that, on February 17, 2022, its Board of Directors approved a dividend for the fourth quarter of 2021 of 4.36% (annualized). The dollar amount of the dividend will be approximately $48.8 million. The cash dividend will be distributed to member financial institutions on February 18, 2022.
“Throughout the uncertain and often volatile operating environment experienced across 2021, the FHLBNY continued to serve as a trusted partner to and reliable source of funding for our members,” said José R. González, president and CEO of the FHLBNY. “Our stability is also reflected in our quarterly dividend payments, which total $222.3 million paid from 2021 income – a full-year dividend rate of 4.54 percent. We are proud to provide our members with this return in their investment in our cooperative, and we are focused on continuing to meet their needs as we work together to support the communities we all serve.”
The health and economic crises resulting from COVID-19 continue to be unpredictable and may affect the environment in which the FHLBNY operates. Changes to market and business conditions may negatively impact the FHLBNY’s financial performance and level of dividends. The FHLBNY will continue to assess the potential effects of changes in the environment on its financial performance and dividend strategy.
The FHLBNY will publish its 2021 audited financial results in its Form 10-K filing with the Securities and Exchange Commission, which is expected to be filed on or about March 22, 2022.