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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	November 6, 2007
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  	Federal Home Loan Bank of New York
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Federally Chartered Corporation
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  	000-51397
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  	136400946
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	101 Park Avenue, Floor 5, New York, New York
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  	&nbsp;
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  	10178-0599
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	212-441-6616
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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  (d) Election of Directors.<br><br>On November 6, 2007, the Federal Home Loan Bank of New York ("Bank") announced that John M. Scarchilli, President and Chief Executive Officer, Pioneer Savings Bank, Troy, NY; Joseph R. Ficalora, Chairman, President and CEO, New York Community Bank, Westbury, NY; Ronald E. Hermance, Chairman, President and CEO, Hudson City Savings Bank, Paramus, NJ; and Kevin J. Lynch, Chairman, President and CEO, Oritani Savings Bank, Washington Township, NJ (collectively, the "Reelected Directors") were each reelected by the Bank&#x2019;s members to serve on the Board of Directors ("Board") of the Bank for three-year terms commencing January 1, 2008 and ending December 31, 2010. (All of the Reelected Directors currently serve on the Board; their terms expire on December 31, 2007.) <br><br>The reelection of the Reelected Directors took place in accordance with the rules governing the election of Federal Home Loan Bank directors by Bank members specified in the Federal Home Loan Bank Act and in the related regulations of the Federal Housing Finance Board ("FHFB"), the regulator of the Federal Home Loan Banks.<br><br>At the time of this filing, none of the Reelected Directors has been named to serve on any committee of the Board for 2008; further, whether the Reelected Directors are expected to be named to serve on any committee of the Board for 2008 has not been determined. (Mr. Scarchilli currently serves on the Audit and Housing Committees of the Board; Mr. Ficalora currently serves on the Audit and Housing Committees of the Board; Mr. Hermance currently serves on the Executive, Corporate Governance, and External Affairs Committees of the Board; and Mr. Lynch currently serves on the Executive, Compensation and Human Resources, and Housing Committees of the Board.)<br><br>Compensation of the Reelected Directors is expected be in accordance with a Director Compensation Plan ("Compensation Plan") which is currently anticipated to be voted on by the Board in January of 2008.  The details of the Compensation Plan are not known at this time.<br><br>Information about the previous reappointment by the FHFB of two Directors to serve on the Board for three-year terms commencing January 1, 2008 and ending December 31, 2010 was published in a Current Report on Form 8-K dated September 20, 2007.<br><br>Additional information about the Reelected Directors is included in the FHLBNY&#x2019;s Press Release dated November 6, 2007. A copy of this Press Release is attached as Exhibit 99.1 to this Form 8-K.<br>
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  	Item 9.01 Financial Statements and Exhibits.
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  (d) Exhibits.<br><br>99.1 FHLBNY's Press Release dated November 6, 2007.
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Federal Home Loan Bank of New York
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  	&nbsp;&nbsp;
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  <I>
  	November 6, 2007
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  <I>
  	/s/ Patrick A. Morgan
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  <I>
  	Name: Patrick A. Morgan
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  <I>
  	Title: Senior Vice President and Chief Financial Officer
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	99.1
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  	&nbsp;
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  FHLBNY's Press Release dated November 6, 2007.
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_23645.htm", "description": "LIVE FILING", "secsgml_size_bytes": 12466}]
metadata_filer: {"company-data": {"conformed-name": "Federal Home Loan Bank of New York", "cik": "0001329842", "assigned-sic": "6111", "irs-number": "136400946", "state-of-incorporation": "X1", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51397", "film-number": "071217185"}, "business-address": {"street1": "101 PARK AVENUE, 5TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10178", "phone": "212-681-6000"}, "mail-address": {"street1": "101 PARK AVENUE, 5TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10178"}}
text: Federal Home Loan Bank of New York (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  November 6, 2007
  Federal Home Loan Bank of New York
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Federally Chartered Corporation
  000-51397
  136400946
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  101 Park Avenue, Floor 5, New York, New York
  10178-0599
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  212-441-6616
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
  (d) Election of Directors.
  On November 6, 2007, the Federal Home Loan Bank of New York ("Bank") announced that John M. Scarchilli, President and Chief Executive Officer, Pioneer Savings Bank, Troy, NY; Joseph R. Ficalora, Chairman, President and CEO, New York Community Bank, Westbury, NY; Ronald E. Hermance, Chairman, President and CEO, Hudson City Savings Bank, Paramus, NJ; and Kevin J. Lynch, Chairman, President and CEO, Oritani Savings Bank, Washington Township, NJ (collectively, the "Reelected Directors") were each reelected by the Bank's members to serve on the Board of Directors ("Board") of the Bank for three-year terms commencing January 1, 2008 and ending December 31, 2010. (All of the Reelected Directors currently serve on the Board; their terms expire on December 31, 2007.)
  The reelection of the Reelected Directors took place in accordance with the rules governing the election of Federal Home Loan Bank directors by Bank members specified in the Federal Home Loan Bank Act and in the related regulations of the Federal Housing Finance Board ("FHFB"), the regulator of the Federal Home Loan Banks.
  At the time of this filing, none of the Reelected Directors has been named to serve on any committee of the Board for 2008; further, whether the Reelected Directors are expected to be named to serve on any committee of the Board for 2008 has not been determined. (Mr. Scarchilli currently serves on the Audit and Housing Committees of the Board; Mr. Ficalora currently serves on the Audit and Housing Committees of the Board; Mr. Hermance currently serves on the Executive, Corporate Governance, and External Affairs Committees of the Board; and Mr. Lynch currently serves on the Executive, Compensation and Human Resources, and Housing Committees of the Board.)
  Compensation of the Reelected Directors is expected be in accordance with a Director Compensation Plan ("Compensation Plan") which is currently anticipated to be voted on by the Board in January of 2008.  The details of the Compensation Plan are not known at this time.
  Information about the previous reappointment by the FHFB of two Directors to serve on the Board for three-year terms commencing January 1, 2008 and ending December 31, 2010 was published in a Current Report on Form 8-K dated September 20, 2007.
  Additional information about the Reelected Directors is included in the FHLBNY's Press Release dated November 6, 2007. A copy of this Press Release is attached as Exhibit 99.1 to this Form 8-K.
  Item 9.01 Financial Statements and Exhibits.
  (d) Exhibits.
  99.1 FHLBNY's Press Release dated November 6, 2007.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Federal Home Loan Bank of New York
  November 6, 2007
  By:
  /s/ Patrick A. Morgan
  Name: Patrick A. Morgan
  Title: Senior Vice President and Chief Financial Officer
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  99.1
  FHLBNY's Press Release dated November 6, 2007.