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Article: Federal Home Loan Bank of New York Announces Third Quarter Results.(Financial report)
- Article from:
- Real Estate Weekly News
- Article date:
- November 13, 2009
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The Federal Home Loan Bank of New York ("Bank") 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 gains from derivatives and hedging activities in the current quarter as compared to losses from these activities in ...