|
|
Article: Federal Home Loan Bank of New York Announces Third Quarter Results.
- Article from:
- PR Newswire
- Article date:
- October 29, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
FHLBNY Reports Third Quarter 2009 Net Income of $140.2 million
NEW YORK, Oct. 29 /PRNewswire/ -- The Federal Home Loan Bank of New York ("Bank") today released unaudited financial results for the quarter ended September 30, 2009. Our financial condition and results of operations remained strong in the face of the continuing events affecting the entire economy. The Bank continues to fulfill our role as an important provider of reliable and attractively priced wholesale funding to community member lenders.
Net income increased to $140.2 million for the third quarter of 2009, compared to $39.8 million for the third quarter of 2008. The increase is due to ...