Larry E. Thompson has been elected chairman of the Federal Home Loan Bank of New York for a two-year term that will commence on January 1, 2024.
Thompson is the former vice chairman of The Depository Trust & Clearing Corp. He also previously served as the chief legal officer/general counsel of the firm since 2005. He has more than 30 years of experience as a senior executive in corporate law, risk management and regulatory affairs.
He has served on the FHLBNY’s board as an independent director since Jan. 2014. He currently serves as the board’s vice chair, and as chair of the board’s risk committee. He is the chair-elect of the Council of Federal Home Loan Banks, which serves as the public voice of the Federal Home Loan Bank System.
“The critical importance of the FHLBNY’s foundational liquidity mission has been on full display throughout 2023, as has the vital role we play in providing reliable funding for our members and dependable and consistent support to communities across New Jersey, New York, Puerto Rico and the U.S. Virgin Islands,” says Thompson, in a release. “It is a true honor to serve as chair of this cooperative, and I thank my fellow directors for the trust they have put in me. The board and management look forward to continuing to strengthen our franchise and further enhance the positive impact our cooperative makes in the lives of so many across our region.”
“Throughout his service on our board, Larry has provided guidance and insights that have been of significant value to both our management team and his fellow directors, and under his leadership as chair, our board will continue to be one of the great strengths of our franchise,” says José R. González, president and CEO of the FHLBNY. “I also thank John Buran, who has served as board chair since 2018 and will be retiring from the board at year end, for the many contributions he has made to our cooperative in this role.”
