FHLB New York

FHLB New York, or the Federal Home Loan Bank of New York, is a regional financial institution serving banks, credit unions, and other financial entities. Its primary role is to provide these institutions with affordable funding and liquidity support, helping them offer loans to individuals and businesses, including affordable housing. FHLB New York raises funds through the issuance of bonds and then lends these funds to member institutions at favorable rates, promoting economic stability and community development within its designated region.