Metropolitan Life Insurance Co., New York, has been approved for membership in the Federal Home Loan Bank of New York, the first life insurance company to become a member, according to the FHLBank.Tony Williamson, senior vice president and treasurer of MetLife, said the membership "is an important element in our strategic plan to secure multiple sources of reliable funding." The FHLBank-NY declared a 6.25% dividend for the third quarter. MetLife can be found on the Web at http://www.metlife.com, and the FHLBank can be found at http://www.fhlbny.com.
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