The Federal Home Loan Bank of New York will serve as the primary obligor for new consolidated obligations totaling $2.115 billion, with trade dates occurring in October 2025.
The Bank obtains most of its funding through the sale of these debt securities in capital markets. Consolidated obligations, which include bonds and discount notes, are joint and several obligations of the eleven Federal Home Loan Banks and are regulated by the Federal Housing Finance Agency. These obligations are backed solely by the financial resources of the eleven Federal Home Loan Banks and do not carry a United States government guarantee.
The new issuances include a $10,000,000 fixed-rate bond with a 5% coupon, trading on October 15, 2025, and maturing on October 29, 2035, featuring an American-style optional principal redemption. Another fixed-rate bond of $10,000,000, traded on October 16, 2025, with a 3.75% coupon and an October 21, 2030, maturity, is Bermudan callable. A further $10,000,000 fixed-rate bond at 3.6% coupon, traded on October 17, 2025, and maturing on June 20, 2030, is also Bermudan callable. Additionally, a $35,000,000 fixed-rate bond at 3.78%, traded on October 17, 2025, and maturing on October 28, 2030, features a European-style optional principal redemption.
The Bank also committed to issue several non-callable variable single index floater notes, including $50,000,000 traded on October 15, 2025, maturing March 17, 2026; $365,500,000 traded on October 16, 2025, maturing March 20, 2026; $209,500,000 traded on October 16, 2025, maturing April 20, 2026; $425,000,000 traded on October 16, 2025, maturing May 20, 2026; and $1,000,000,000 traded on October 16, 2025, maturing June 18, 2026.
The Bank stated that while consolidated obligations issuance is material, it has not judged the materiality of any particular obligation. The provided Schedule A excludes discount notes with a maturity of one year or less and does not reflect interest-rate exchange agreements or other derivative instruments. Principal amounts on Schedule A represent par value and may not align with GAAP financial statements due to potential discounts, premiums, or concessions.
