NEW YORK, Jan. 4, 2016 /PRNewswire-USNewswire/ -- On January 4, 2016, Michael M. Horn began his fifth term as chairman of the Federal Home Loan Bank of New York ("FHLBNY"). Mr. Horn was elected by the FHLBNY's Board of Directors at its December 2015 meeting to serve a two-year term as chairman. Mr. Horn has served as the FHLBNY's chairman since May 2008. Additionally, he currently serves as chairman of the Council of Federal Home Loan Banks.
"Over his tenure as an FHLBNY Director, Mike's keen insights and guidance have served the Board and our cooperative well," said José R. González, president and CEO of the FHLBNY. "We are fortunate to have Mike return to again lead the Board as our chairman."
Mr. Horn has been a partner in the law firm of McCarter & English, LLP since 1990. He has served as the Commissioner of Banking for the State of New Jersey and as the New Jersey State Treasurer. He was also a member of the New Jersey State Assembly and served a member of the Assembly Banking Committee. In addition, Mr. Horn served on New Jersey's Executive Commission on Ethical Standards as both as its Vice Chair and Chairman, was appointed as a State Advisory Member of the Federal Financial Institutions Examination Council, and was a member of the Municipal Securities Rulemaking Board. Mr. Horn is counsel to the New Jersey Bankers Association.
Federal Home Loan Bank of New York
The Federal Home Loan Bank of New York is a Congressionally chartered, wholesale Bank. It is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned banks. The FHLB of New York currently serves more than 325 financial institutions in New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands. The mission of the Federal Home Loan Banks is to support the efforts of local members to help provide financing for America's homebuyers.
CONTACT: Eric Amig
SOURCE Federal Home Loan Bank of New York