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Federal Home Loan Bank of New York declares Q2 2019 dividend of USD 92m.

BANKING AND CREDIT NEWS-August 22, 2019-Federal Home Loan Bank of New York declares Q2 2019 dividend of USD 92m

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Board of directors of The Federal Home Loan Bank of New York (FHLBNY) has declared a second quarter 2019 dividend of 6.35%, amounting to approximately USD 92.2 million, the company said.

The cash dividend will be distributed to member financial institutions on August 16, 2019.

The Federal Home Loan Bank of New York is a Congressionally chartered, wholesale bank. It is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned banks. As of June 30, 2019, the FHLB of New York serves 324 financial institutions in New Jersey, New York, Puerto Rico, and the US Virgin Islands.

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Publication:M2 Banking & Credit News (BCN)
Date:Aug 22, 2019
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