
Standard	Summary of Guidance	Effective Date	Effects on the Financial Statements
Interim Reporting ASU 2025-11, Issued December 2025.	The ASU reorganizes and modernizes interim reporting guidance in Topic 270. It consolidates all interim disclosure requirements from across GAAP into a single comprehensive list, clarifies the applicability of interim reporting guidance, and introduces a disclosure principle requiring entities to disclose material events occurring after year‑end. The amendments do not expand or reduce existing interim disclosure requirements but improve clarity and consistency.	Effective for annual reporting periods beginning after December 15, 2027, including interim periods within those annual periods. Early adoption permitted.	FHLBNY is currently evaluating the new guidance and its potential impact on the Bank’s financial statements.
Hedge Accounting Improvements ASU 2025-09, Issued December 2025.	The ASU updates hedge accounting guidance to better align with current risk‑management practices. Key changes include expanding the ability to group forecasted transactions using a “similar risk exposure” criterion; establishing a model for hedging choose‑your‑rate variable‑rate debt; expanding component hedging for nonfinancial forecasted transactions; eliminating the net written option test for certain compound derivatives; and improving accounting for dual hedges involving foreign‑currency‑denominated debt.	Effective for annual reporting periods beginning after December 15, 2026, including interim periods within those annual periods. Early adoption permitted.	FHLBNY is currently evaluating the new guidance and its potential impact on the Bank’s financial statements.
Allowance for Credit Losses on Purchased Seasoned Loans ASU 2025-08, Issued November 2025.	The ASU expands the use of the gross‑up approach to a new category of acquired financial assets called “purchased seasoned loans.” Non‑PCD loans that meet seasoning criteria (including all non‑PCD loans acquired in a business combination) must be accounted for using the gross‑up approach rather than recording a Day 1 credit loss expense. The amendments reduce complexity, eliminate double counting of expected losses, and improve comparability across acquisitions.	Effective for annual reporting periods beginning after December 15, 2026, including interim periods within those annual periods. Applied prospectively. Early adoption permitted.	The adoption of this guidance is not expected to have any material effect on the Bank's statement of financial condition, results of operations, or the statement of cash flows.


Standard	Summary of Guidance	Effective Date	Effects on the Financial Statements
Internal-Use Software Capitalization ASU 2025-06, Issued September, 2025.	The standards in this ASU eliminate references to prescriptive software development stages. Under the amended guidance, capitalization of internal-use software costs begins when (1) management authorizes and commits funding to the project, and (2) it is probable the project will be completed and the software used as intended.	The requirement is effective for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. Early adoption is permitted.	FHLBNY is currently evaluating the new guidance and its potential impact on the Bank’s financial statements.
Expense Disaggregation Disclosures ASU 2024-03, Issued November 2024.	The standards in the ASU require disclosure in the notes to financial statements specified information about certain costs and expenses.	The requirement is effective for fiscal years beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027.	FHLBNY is currently evaluating the new guidance and its potential impact on the Bank’s financial statements.