The Federal Home Loan Bank of New York said former New Jersey Gov. James J. Florio has become its chairman.

The bank's regulator, the Federal Housing Finance Board, approved his election to the post.

Mr. Florio was also reelected to a four-year term as public interest director of the bank. He is a senior partner at the law firm of Florio & Perrucci in Piscataway, N.J.

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