What are the risks to Members who participate in the AHP?
• • Generally, the only risks include that the grants the Member served as a conduit for may be classified as “contingent liabilities” and thus impact the Member’s balance sheet; and the time and expense that may be associated with resolving an event of non-compliance. In the worst case, the FHLB-NY could debit the Member’s DDA for the amount due in that event, but the Member is only responsible to transmit the amount recovered through reasonable collection efforts, as long as the AHP retention agreements have been duly executed and placed on public record.
Related Questions
- Will members of Statistics Research continue to be encouraged to participate in professional societies, conferences and workshops outside Bell Labs?
- How was it determined which Class Members would be entitled to participate in the three separate funds?
- What are the benefits to Members who participate in the AHP?
