Skip to main content

  • Comment Detail

  • Date: 07/15/24
    First Name: Anthony
    Last Name: DeSalle
    Email: anthony.desalle@crestsavings.com
    Organization Type: organization
    Organization: Crest Savings Bank

  • Comment

    Crest Savings Bank, and the communities we serve, have benefited greatly from our partnership with the Federal Home Loan Bank of New York. The success of this partnership can be attributed to the Federal Home Loan Bank System’s clear mission of providing innovative liquidity solutions to members. We often look to the Federal Home Loan Bank of New York when considering funding alternatives and have accessed the following solutions:

    • Stable term funding
    • Reliable short-term and contingent liquidity sources
    • Mission-focused financing solutions such as community investment advances
    • Innovative solutions such as municipal letters of credit

    The financial solutions from the Federal Home Loan Bank of New York allow us to implement strategic initiatives that strengthen our institution and deliver capital to our community. Put simply, the Federal Home Loan Bank System provides community financial institutions with a level of strength and scale that we could not achieve independently. Any change that could impact the Federal Home Loan Bank System’s ability to deliver upon its current mission or the availability of liquidity solutions for members would be detrimental.