Insurance Companies and the Federal Home Loan Bank of New York: A Sensible Proposal.
| Date | 24 February 2020 |
| Author | Acunto, Steve |
Legislation has been introduced in the New York State Assembly (Bill 8040) that will significantly increase funding opportunities for insurance company members of the Federal Home Loan Bank of New York ("FHLBNY"). Under the proposed bill, which is already law in 19 states, provisions of the insurance insolvency law will be amended to clarify the rights of the FHLBNY in cases of insurance company insolvencies.
The FHLBNY is a Congressionally chartered, wholesale bank. It is part of the Federal Home Loan Bank System, a national...
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