New York, June 18, 2025 (GLOBE NEWSWIRE) — “It is an honor to have my work and the significant efforts of the Federal Home Loan Bank of New York recognized by Enterprise Chronicles,” said Derek Bryson Park.
“The period after 9/11 was a challenging time for our nation, and I am proud to have played a part in helping to restore stability and facilitate the rebuilding efforts that followed.” he added.
The article details how, as Director of the Federal Home Loan Bank of New York (FHLBNY), Derek Bryson Park was instrumental in guiding the institution’s response to the unprecedented financial crisis that gripped New York City and the nation. His leadership ensured the rapid injection of much-needed liquidity into the market and the stabilization of the housing system.
Key highlights from the Enterprise Chronicles feature include:
- Mr. Park’s guidance in approving an astonishing $4.7 billion in emergency advances to member institutions in the wake of 9/11.
- His facilitation of critical Capital Plan Approvals for significant rebuilding projects, including the new World Trade Center.
- The revelation that under Mr. Park’s leadership, the Federal Home Loan Bank System commanded the largest balance sheet in the United States at $1.18 trillion, surpassing the Federal Reserve’s $870 billion at the time.
The feature story offers readers a compelling look into a pivotal moment in American financial history and the quiet leadership that helped navigate it.
About Derek Bryson Park
Derek Bryson Park, Ph.D., is a seasoned American investment portfolio manager and banker, currently Principal at Wilmington Capital Securities, LLC, with RBC as its clearing partner. He has held several senior roles in the securities industry, including leadership positions at Mahler & Emerson Inc., Lehman Brothers, Rafferty Holdings, Cohane Rafferty Capital Markets, and the Potomac Funds (now Direxion Funds).
About Enterprise Chronicles
Enterprise Chronicles is recognized as a premier source for insightful and innovative coverage of global business and industry trends. The publication delves deeply into the dynamic realms of entrepreneurship, providing readers with authoritative perspectives and expert analysis on the forces shaping today’s business landscape.
