Federal Home Loan Bank of New York Announces 2023 Board Committee Director Assignments

Strategic Insights -

Federal Home Loan Bank of New York has recently filed an amendment to its Form 8-K with the Securities and Exchange Commission, outlining the 2023 Board Committee Director assignments for its directors. This action follows the re-election of several directors and the election of new members to the bank's Board of Directors. The assigned committees and their respective chairs and vice chairs will oversee various aspects of the bank's operations, including executive, audit, compensation, corporate governance, housing, risk, strategic planning, and technology committees.

Key Takeaways:

  • The Federal Home Loan Bank of New York has filed an amendment to its Form 8-K to report the 2023 Board Committee Director assignments for its directors.
  • The Board of Directors has assigned directors to various committees, including executive, audit, compensation, corporate governance, housing, risk, strategic planning, and technology committees.
  • The executives and directors assigned to each committee are:

+ Executive Committee: John Buran (Chair), Larry Thompson (Vice Chair), Thomas Hoy, Christopher Martin, and Deforest Soaries.

+ Audit Committee: David Huber (Chair), Thomas Kemly (Vice Chair), Thomas Hoy, Charles Kilbourne, and Christopher Martin.

+ Compensation and Human Resources Committee: David Nasca (Chair), Deforest Soaries (Vice Chair), David Huber, Kenneth Mahon, Christopher Martin, and Josie Thomas.

+ Corporate Governance and External Affairs Committee: Christopher Martin (Chair), Kenneth Mahon (Vice Chair), Charles Kilbourne, DeForest Soaries, Josie Thomas, and Larry Thompson.

+ Housing Committee: Charles Kilbourne (Chair), Gerald Reeves (Vice Chair), Melba Acosta, Thomas Kemly, Ira Robbins, Deforest Soaries, and Angela Weyne.

+ Risk Committee: Larry Thompson (Chair), Carlos Vazquez (Vice Chair), Melba Acosta, Danelle Barrett, Thomas Cangemi, David Nasca, and Stephen Romaine.

+ Strategic Planning Committee: Thomas Hoy (Chair), Kenneth Mahon (Vice Chair), Danelle Barrett, David Huber, Ira Robbins, Stephen Romaine, and Carlos Vazquez.

+ Technology Committee: Danelle Barrett (Chair), Carlos Vazquez (Vice Chair), Thomas Cangemi, Thomas Hoy, Thomas Kemly, David Nasca, and Stephen Romaine.

  • The assigned directors will oversee the bank's operations and make crucial decisions regarding its governance and management.

Statistics:

  • A total of 22 directors have been assigned to the 8 committees.
  • The Executive Committee has 5 members, while the Audit Committee has 5 members.
  • The Compensation and Human Resources Committee has 6 members, while the Corporate Governance and External Affairs Committee has 6 members.
  • The Housing Committee has 7 members, while the Risk Committee has 7 members.
  • The Strategic Planning Committee has 7 members, while the Technology Committee has 7 members.
  • A total of 15 directors have been assigned to multiple committees.

Sources:

  • UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
  • Federal Home Loan Bank of New York (Exact name of Registrant as Specified in Its Charter)