Item 8.01 Other Events.

Each month, the President of the Federal Home Loan Bank of New York ("FHLBNY") issues a Report from the President ("Report") to each FHLBNY shareholder. A copy of the Report to shareholders issued on November 3, 2009, which may contain information that may be important to security holders, is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 FHLBNY Report from the President, dated November 3, 2009.

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