RegAlert2005-08-26
Added · Updated
SEC Division of Corporation Finance no-action letter: Federal Home Loan Bank of New York
The Division of Corporation Finance concurs with the Federal Home Loan Bank of New York that voluntary registration under Section 12(g) of the Securities Exchange Act of 1934 will not alter the existing treatment of the Bank and its securities under the Securities Act of 1933, the Exchange Act, the Trust Indenture Act of 1939, and the Investment Company Act of 1940. The Division agrees that specific Exchange Act requirements, including Sections 13(d), 13(e), 13(f), 14(c), 14(d), and 16, as well as various Regulation S-K disclosure items and Form 8-K reporting events, are inapplicable to the Bank and its stockholders. This concurrence is based solely on the facts presented in the Bank's letter and does not extend to situations where material information is omitted.
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August 26, 2005
Response of the Office of Chief Counsel Division of Corporation Finance
Re:
Federal Home Loan Bank of New York Incoming Letter dated August 26, 2005
Based on the facts presented in your letter, the Division of Corporation Finance concurs in the views expressed in your letter regarding the effect of voluntary registration under Section 12(g) of the Securities Exchange Act of 1934 on the treatment of the Federal Home Loan Bank of New York and its securities under the Securities Act of 1933, the Exchange Act and the Trust Indenture Act of 1939.
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