Deposits |
6 Months Ended | |||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||
| Deposits [Abstract] | ||||||||||||||||||||||||||||||
| Deposits | Note 11. Deposits. The FHLBNY accepts demand, overnight and term deposits from its members and government instrumentalities, including the FDIC. Also, a member that services mortgage loans may deposit funds collected in connection with the mortgage loans as a pending disbursement to the owners of the mortgage loans. Interest-bearing demand and overnight deposits represented 99.4% of deposits at both June 30, 2026 and December 31, 2025, with the remaining deposits primarily being term deposits and non-interest-bearing deposits. The following table summarizes deposits (in thousands):
(a) Specific disclosures about deposits that exceed FDIC limits have been omitted as deposits are not insured by the FDIC. Deposits are received in the ordinary course of the FHLBNY’s business. The FHLBNY has pledged securities to the FDIC to collateralize deposits maintained at the FHLBNY by the FDIC; for more information, see Securities Pledged in Note 8. Held-to-Maturity Securities.
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