NEW YORK - (04/28/05) -- The Federal Home Loan Bank of NewYork said it boosted its first quarter dividend to 4.70%, or $42.6million in cash. That's up from a payout of just 1.58% for thefirst quarter last year, and 3.05% for the fourth quarter. The NewYork bank said it expects the dividend rate to be above 4% for theremainder of the year, as well. The New York bank has 304 membersinstitutions, including 27 credit unions, in New York, New Jersey,Puerto Rico and the Virgin Islands.
New York FHLB Spikes First QuarterPayout
April 28, 2005, 1:00 a.m. EDT 1 Min Read
