This is an excerpt from the new stimulus bill that was passed by the House and going to the Senate. It extends the $8,000 house credit, and unemployment insurance, and allows companies to reduce their tax bills. This should help NYB in the next quarter with their share price.


"The legislation also would expand provisions in the stimulus package allowing companies to apply their losses to previous years’ income, thereby reducing their tax bills and allowing them to claim refunds. Banks and other institutions receiving assistance from the Treasury Department’s TARP program wouldn’t be eligible".