v3.26.1
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Off-Balance Sheet Commitments and Contingencies The following table summarizes off-balance sheet commitments and contingencies (in thousands):
June 30, 2026
December 31, 2025
Off-balance sheet commitments
Standby letters of credit (a)
$25,948,070
$24,108,844
Consolidated obligation bonds/discount notes traded not settled
606,254
15,042
Commitments to fund additional advances
150,000
Commitments to fund pension
11,390
11,390
Open delivery commitments (MAP)
80,373
36,458
Total off-balance sheet commitments
$26,646,087
$24,321,734
(a)Financial letters of credit — Standby letters of credit are executed for a fee on behalf of members to facilitate residential
housing, community lending, and members’ asset/liability management or to provide liquidity. A standby letter of credit is a
financing arrangement between the FHLBNY and its member. Members assume an unconditional obligation to reimburse the
FHLBNY for value given by the FHLBNY to the beneficiary under the terms of the standby letter of credit. The FHLBNY may, in
its discretion, permit the member to finance repayment of their obligation by receiving a collateralized advance.
Schedule of Operating Lease Assets and Liabilities The following tables provide summarized information on our operating leases (dollars in thousands):
June 30, 2026
December 31, 2025
Operating Leases (a)
Right-of-use assets
$41,581
$44,289
Lease Liabilities
$51,513
$54,696
(a)We have elected to exclude immaterial amounts of short-term operating lease liabilities in the Right-of-use assets and lease
liabilities.
Schedule of Lease Cost
Three months ended June 30,
Six months ended June 30,
2026
2025
2026
2025
Operating Lease Expense
$1,798
$1,798
$3,596
$3,596
Operating cash flows - Cash Paid
$2,035
$2,022
$4,070
$4,043
June 30, 2026
December 31, 2025
Weighted Average Discount Rate
3.33
%
3.33
%
Weighted Average Remaining Lease Term
6.77
Years
7.27
Years
Schedule of Remaining Maturities of Operating Leases Liabilities
Remaining maturities through
Operating lease liabilities
June 30, 2026
December 31, 2025
Remainder of 2026
$4,071
$8,142
2027
8,246
8,246
2028
8,566
8,566
2029
8,512
8,512
2030
8,567
8,567
Thereafter
19,765
19,765
Total undiscounted lease payments
57,727
61,798
Imputed interest
(6,214)
(7,102)
Total operating lease liabilities
$51,513
$54,696