The Federal Home Loan Bank of New York is pleased to announce that its Board of Directors has selected Ángela Weyne, former Commissioner of Insurance for the Commonwealth of Puerto Rico, to serve as an Independent Director for a term that will expire on December 31, 2019. Ms. Weyne fills the Independent Director seat left vacant by the passing of Caren Franzini earlier this year.

"Ms. Weyne will make an outstanding addition to our Board, and her vast knowledge of the insurance industry will be of particular benefit to the FHLBNY and our cooperative," said Michael M. Horn, Chairman of the FHLBNY. "We lost a tremendous colleague and wonderful friend when Caren Franzinipassed away, and we still feel her absence at our Board table. But we know that the contributions Ms. Weyne will make in her new role will keep our cooperative strong and focused on supporting the communities we serve."

Prior to joining the FHLBNY's Board, Ms. Weyne served a four-year term as Commissioner of Insurance for the Commonwealth of Puerto Rico, from 2013 through 2016. Over a career spanning more than 40 years, she has held senior operating roles in, as well as served as a consultant to, the insurance industry.

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. As of June 30, 2017, the FHLB of New York serves 322 financial institutions in New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands. The Federal Home Loan Banks support the efforts of local members to help provide financing for America's homebuyers.