Friday, December 14, 2018

Larry Thompson Re-elected Vice Chairman of Federal Home Loan Bank of New York

By on November 19, 2018

SAN JUAN – The Federal Home Loan Bank of New York (FHLBNY) announced Friday that Larry E. Thompson, who has served on the bank’s board as an independent director since Jan.1, 2014, has been re-elected to serve as vice chairman for a two-year term commencing Jan.1.

The institution 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 Sept. 30,  the FHLBNY serves 326 financial institutions in New JerseyNew YorkPuerto Rico, and the U.S. Virgin Islands. 

“Since joining our Board in 2014, and especially over the past year in his role as vice chairman, Larry has significantly contributed to the growth and success of our franchise through his guidance and leadership,” said, José R. González, president and CEO of the FHLBNY.

Thompson, who is the vice chairman of the Depository Trust & Clearing Corp. (DTCC), leading its public policy engagement with regulators and lawmakers, also serves as a senior adviser. He is a member of the DTCC Management Committee as well.  

Thompson also serves as chairman of the FHLBNY board’s Risk Committee, as vice chairman of its’s Executive Committee, and as a member of the its Corporate Governance and External Affairs Committee.

“The FHLBNY serves a vital purpose to its region’s local lenders and the communities they support, the impact of which we on the Board are fortunate to see firsthand,” Thompson said in a release.

Thompson began his legal career with the Depository Trust Co. (DTC) as associate counsel in 1981, the release says. “He was elected vice president and deputy general counsel in 1991, senior vice president in 1993, general counsel of DTC in 1999, managing director and first deputy general counsel of DTCC in 2004, and to general counsel in 2005. Previously, he was a partner in Lake, Bogan, Lenoir, Jones & Thompson,” and is “a 2005 David Rockefeller Fellow and also former chairman of the Securities Clearing Group and former co-chairman of the Unified Clearing Group.”

 

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