Federal Home Loan Bank of New York

CIK:0001329842|SEC Filings

Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Statements of Income - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Interest income
Advances, net (Note 9)	$ 1,175,843	$ 1,260,147	$ 2,211,671	$ 2,467,151
Interest-bearing deposits (Note 4)	34,281	36,819	64,245	71,877
Securities purchased under agreements to resell (Note 4)	82,792	53,822	195,808	105,099
Federal funds sold (Note 4)	154,909	219,048	272,783	437,963
Trading securities (Note 5)	84,606	66,647	151,110	124,966
Available-for-sale securities (Note 7)	131,887	129,253	263,420	251,125
Held-to-maturity securities (Note 8)	116,192	105,991	218,982	212,320
Mortgage loans held-for-portfolio (Note 10)	28,019	23,876	55,476	46,542
Loans to other FHLBanks (Note 20)	267	217	272	277
Total interest income	1,808,796	1,895,820	3,433,767	3,717,320
Interest expense
Consolidated obligation bonds (Note 12)	634,382	1,024,439	1,221,542	1,913,605
Consolidated obligation discount notes (Note 12)	940,634	628,611	1,739,297	1,318,467
Deposits (Note 11)	20,343	27,652	41,657	54,816
Mandatorily redeemable capital stock (Note 14)	134	145	273	246
Cash collateral held and other borrowings	194	438	427	644
Securities sold under agreement to repurchase	0	12	0	12
Total interest expense	1,595,687	1,681,297	3,003,196	3,287,790
Net interest income before provision for credit losses	213,109	214,523	430,571	429,530
Provision (Reversal) for credit losses	415	(27)	592	140
Net interest income after provision for credit losses	212,694	214,550	429,979	429,390
Other income (loss)
Service fees and other	6,454	5,394	12,758	11,020
Instruments held under the fair value option gains (losses) (Note 18)	(3,799)	(12,180)	(2,665)	(28,161)
Derivative gains (losses) (Note 17)	42,525	(8,317)	89,164	(37,985)
Securities gains (losses) (Note 5 & Note 8)	(24,832)	29,138	(59,701)	89,691
Equity investments gains (losses) (Note 6)	8,434	5,352	6,784	5,517
Litigation settlement	0	0	751	0
Gains (losses) from extinguishment of debt	(1)	0	(1)	0
Total other income (loss)	28,781	19,387	47,090	40,082
Other expenses
Operating	23,990	21,541	47,729	43,134
Compensation and benefits	31,459	30,466	62,677	60,468
Voluntary Contributions (Note 13)	7,990	4,246	10,742	7,318
Finance Agency and Office of Finance	5,488	5,528	10,241	11,432
Other expenses	2,149	2,072	4,313	4,070
Total other expenses	71,076	63,853	135,702	126,422
Income before assessments	170,399	170,084	341,367	343,050
Affordable Housing Program Assessments (Note 13)	17,053	17,023	34,164	34,330
Net income	$ 153,346	$ 153,061	$ 307,203	$ 308,720
Basic earnings per share (in dollars per share)	$ 2.30	$ 2.51	$ 4.92	$ 5.17

Statements of Cash Flows - USD ($)
$ in Thousands

6 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Operating activities

Net Income

$ 307,203

$ 308,720

Depreciation and amortization:

Net premiums and discounts on consolidated obligations, investments, mortgage loans and other adjustments

79,954

(685,937)

Concessions on consolidated obligations

1,953

1,479

Premises, software, and equipment

9,791

8,308

Provision (Reversal) for credit losses

592

140

Change in net fair value adjustments on derivatives and hedging activities

197,648

(548,427)

Net realized and unrealized (gains) losses on trading securities

59,701

(89,691)

Change in fair value on Equity Investments

(5,054)

(3,626)

Change in fair value adjustments on financial instruments held at fair value

2,665

28,161

Losses (gains) from extinguishment of debt

Net change in:

Accrued interest receivable

(103,903)

(1,765)

Derivative assets due to accrued interest

(58,794)

162,368

Derivative liabilities due to accrued interest

20,895

(343,890)

Other assets

3,977

11,291

Affordable Housing Program liability

3,967

205

Accrued interest payable

(13,541)

184,699

Other liabilities

(11,708)

416

Total adjustments

188,144

(1,276,269)

Net cash provided by (used in) operating activities

495,347

(967,549)

Net change in:

Interest-bearing deposits

(683,810)

(70,550)

Securities purchased under agreements to resell

6,030,000

(2,550,000)

Federal funds sold

(6,486,000)

(4,765,000)

Deposits with other FHLBanks

122

Equity Investments

(152)

135

Premises, software, and equipment

(3,681)

(7,966)

Trading securities:

Purchased

(4,482,652)

(2,426,824)

Proceeds from sales

1,392,932

2,473,139

Available-for-sale securities:

Purchased

(619,393)

(708,209)

Repayments

140,311

225,571

Held-to-maturity securities:

Purchased

(2,499,464)

(844,306)

Repayments

1,028,676

912,075

Advances:

Principal collected

570,347,452

406,316,915

Made

(605,573,248)

(404,741,560)

Mortgage loans held-for-portfolio:

Principal collected

145,590

96,473

Purchased

(266,912)

(212,624)

Proceeds from sales of REO

316

560

Net cash provided by (used in) investing activities

(41,529,938)

(6,302,049)

Net change in:

Deposits and other borrowings

(358,807)

1,220,438

Derivative contracts with financing element

383

1,754

Payments on principal portion of finance lease obligation

(232)

(225)

Consolidated obligation bonds:

Proceeds from issuance

60,447,050

51,003,964

Payments for maturing and early retirement

(40,399,902)

(36,921,742)

Payments on bond transferred to other FHLBanks

^[1]

(749,988)

Consolidated obligation discount notes:

Proceeds from issuance

399,475,699

339,940,168

Payments for maturing

(377,797,911)

(347,666,726)

Payments on discount notes transferred to other FHLBanks (a)

^[1]

(985,772)

Capital stock:

Proceeds from issuance of capital stock

7,852,738

2,974,702

Payments for repurchase/redemption of capital stock

(6,218,934)

(3,021,267)

Redemption of mandatorily redeemable capital stock

(1,718)

(1,647)

Cash dividends paid

^[2]

(211,761)

(253,745)

Net cash provided by (used in) financing activities

41,050,845

7,275,674

Net increase (decrease) in cash and due from banks

16,254

6,076

Cash and due from banks at beginning of the period

^[3]

38,192

26,141

Cash and due from banks at end of the period

^[3]

54,446

32,217

Supplemental disclosures:

Interest paid

1,536,738

2,121,977

Interest paid for Discount Notes

^[4]

1,638,812

1,933,339

Affordable Housing Program payments

^[5]

30,197

34,125

Transfers of mortgage loans to real estate owned

137

Capital stock subject to mandatory redemption reclassified from equity

1,337

6,111

Interest paid for finance lease

Carrying Value of Trading securities pledged collateral which can be repledged or resold

843,961

Carrying Value of AFS securities pledged collateral which can be repledged or resold

Carrying Value of HTM securities pledged collateral which can be repledged or resold

$ 0

[1]	For more information about bonds and discount notes transferred to other FHLBanks and other related party transactions, See Note 20. Related Party Transactions.
[2]	Does not include payments to holders of mandatorily redeemable capital stock. Such payments are considered as interest expense and reported within operating cash flows.
[3]	Cash and due from Banks includes pass-thru reserves at the Federal Reserve Bank of New York. See Note 3. Cash and Due from Banks for further information. Interest-bearing deposits are considered investments and are not included in cash or cash equivalent.
[4]	Interest paid for Discount Notes is the portion of the cash payments at settlement of zero-coupon Consolidated obligation discount notes.
[5]	AHP payments equals beginning accrual minus ending accrual plus AHP assessment for the period; payments represent funds released to the Affordable Housing Program.

Statements of Condition - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Assets
Cash and due from banks (Note 3)	$ 54,446	$ 38,192
Interest-bearing deposits (Note 4)	3,730,000	2,960,000
Securities purchased under agreements to resell (Note 4)	9,920,000	15,950,000
Federal funds sold (Note 4)	18,036,000	11,550,000
Trading securities (Note 5) (Includes $843,961 pledged as collateral at June 30, 2026 and $845,578 at December 31, 2025)	10,433,522	7,387,187
Equity Investments (Note 6)	108,912	103,707
Available-for-sale securities, amortized cost of $12,763,624 at June 30, 2026 and $12,377,325 at December 31, 2025 (Note 7)	12,720,131	12,345,845
Held-to-maturity securities, net of allowance for credit losses of $86 at June 30, 2026 and $76 at December 31, 2025 (Note 8) (Includes $0 pledged as collateral at June 30, 2026 and December 31, 2025)	11,962,008	10,490,167
Advances (Note 9) (Includes $0 at June 30, 2026 and December 31, 2025 at fair value under the fair value option)	127,295,633	92,306,684
Mortgage loans held-for-portfolio, net of allowance for credit losses of $4,273 at June 30, 2026 and $3,691 at December 31, 2025 (Note 10)	2,761,344	2,644,449
Accrued interest receivable	627,719	523,973
Premises, software, and equipment	78,650	84,524
Operating lease right-of-use assets (Note 19)	41,581	44,289
Finance lease right-of-use asset (Note 19)	1,296	1,532
Derivative assets (Note 17)	91,872	99,548
Other assets	10,845	14,896
Total assets	197,873,959	156,544,993
Deposits (Note 11)
Interest-bearing demand	2,708,762	3,071,958
Non-interest-bearing demand	17,331	18,003
Total deposits	2,726,093	3,089,961
Consolidated obligations, net (Note 12)
Bonds (Includes $222,840 at June 30, 2026 and $556,866 at December 31, 2025 at fair value under the fair value option)	87,695,408	68,466,741
Discount notes (Includes $5,358,639 at June 30, 2026 and $577,958 at December 31, 2025 at fair value under the fair value option)	96,790,101	76,019,517
Total consolidated obligations	184,485,509	144,486,258
Mandatorily redeemable capital stock (Note 14)	7,204	7,585
Accrued interest payable	456,724	470,265
Affordable Housing Program (Note 13)	251,791	247,824
Derivative liabilities (Note 17)	7,221	4,097
Other liabilities	152,719	167,633
Operating lease liabilities (Note 19)	51,513	54,696
Finance lease liabilities (Note 19)	1,339	1,571
Total liabilities	188,140,113	148,529,890
Commitments and Contingencies (Notes 14, 17 and 19)
Capital (Note 14)
Capital stock issued	7,043,542	5,411,075
Unrestricted	1,320,418	1,286,417
Restricted	1,390,169	1,328,728
Total retained earnings	2,710,587	2,615,145
Total accumulated other comprehensive income (loss)	(20,283)	(11,117)
Total capital	9,733,846	8,015,103
Total liabilities and capital	$ 197,873,959	$ 156,544,993