NEWS
Bank Announces 2010 EBP Funding Round
The Federal Home Loan Bank of Boston is pleased to announce a total of $5.0 million to fund the 2010 Affordable Housing Program, which includes a $1.0 million subsidy for the Equity Builder Program.
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Bank Announces Annual and Fourth Quarter Results
In a letter to members, the Federal Home Loan Bank of Boston announced preliminary 2009 annual and fourth quarter results.
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Bank President Addresses Expo in the Sun
On January 15, 2010, Edward A. Hjerpe III, president and CEO of the Federal Home Loan Bank of Boston, presented an overview of the economy from a national and regional perspective at the annual Expo in the Sun conference.
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Bank Announces Board Election Results
The Federal Home Loan Bank of Boston announced the results of its recent board of directors election for both member and independent directorships.
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Bank Announces Products Policy Changes for 2010
The Federal Home Loan Bank of Boston will implement changes to its collateral policies for nontraditional and subprime loans on January 1, 2010.
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Affordable Housing Gets $3.0 Million Infusion
The Federal Home Loan Bank of Boston has awarded $3.0 million in the form of grants, loans, and interest-rate subsidies through its Affordable Housing Program.
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Bank Introduces Advance Restructuring
The Federal Home Loan Bank of Boston recently introduced Advance Restructuring, a new advance product that allows members to extend the maturity and reduce the rate of existing advances.
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Housing Staff Changes
As a result of a recent reorganization, the Federal Home Loan Bank of Boston has realigned the territorial assignments of its Housing and Community Investment (HCI) staff.
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Bank Files Quarterly Report
The Federal Home Loan Bank of Boston filed its quarterly report on Form 10-Q for the period ending September 30, 2009, with the Securities and Exchange Commission.
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Bank Amends Capital Plan
In a letter to members, the Federal Home Loan Bank of Boston announced that it has amended its capital plan.
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Third Quarter Results
In a letter to members, the Federal Home Loan Bank of Boston announced unaudited third quarter 2009 results.
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MPF Stock Purchase Investment Reduction
The Federal Home Loan Bank of Boston sent a letter to members regarding a stock purchase investment reduction related to the MPF program.
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Bank Updates Members
The Federal Home Loan Bank of Boston sent an e-mail to members regarding steps being taken to help the organization return to profitability.
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Bank Files Quarterly Report
The Federal Home Loan Bank of Boston today filed its quarterly report on Form 10-Q for the period ending June 30, 2009, with the Securities and Exchange Commission.
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Bank Amends Products Policy
The Board of Directors of the Federal Home Loan Bank of Boston has approved four changes to the Products Policy for Members.
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FHLB Boston Introduces the Expander Advance
The Expander advance offers a one-time opportunity to increase principal at the original interest rate, providing protection against rising rates and flexibility in asset/liability management.
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Bank Announces Special Affordable-Housing Rounds
The Federal Home Loan Bank of Boston has announced two special, limited affordable-housing funding rounds, one for the Affordable Housing Program and the other for the Equity Builder Program.
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Interest Rate Swaps, Caps, and Floors
The Federal Home Loan Bank of Boston has introduced several new derivative products designed to help members manage interest-rate risk.
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Board Appoints Edward A. Hjerpe President and CEO
The Board of Directors of the Federal Home Loan Bank of Boston announced today the appointment of Edward A. Hjerpe, III as president and chief executive officer of the Bank.
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Bank Files Quarterly Report
The Federal Home Loan Bank of Boston today filed its quarterly report for the period ending March 31, 2009, with the Securities and Exchange Commission.
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Bank Delays Filing Quarterly Report
The Federal Home Loan Bank of Boston today filed a notification of late filing on Form 12b-25 with the Securities and Exchange Commission regarding its quarterly report on Form 10-Q for the period ending March 31, 2009.
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Introducing the FHLB Economic Stimulus Advance
The FHLB Economic Stimulus Advance is designed to promote and support recovery and growth in the economy.
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Elliott Named Interim President and CEO
The board of directors of the Federal Home Loan Bank of Boston has named M. Susan Elliott to serve as interim president and chief executive officer of the Bank effective May 1, 2009, following Michael A. Jessee’s retirement on April 30, 2009.
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Chinatown Proposal Wins 2009 Competition
A proposal to convert a 1920s phone-company building and adjacent properties in Boston’s Chinatown into an apartment building, ground-floor retail space, and a new public library received the first place award in the ninth annual Greater Boston Affordable Housing Development Competition.
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Bank Amends Products Policy
The Board of Directors of the Federal Home Loan Bank of Boston has approved a number of amendments to the Products Policy for Members.
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Bank Files 10-K
The Federal Home Loan Bank of Boston filed its 2008 Annual Report on 10-K today.
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Annual Stock Recalculation
The Bank's annual capital stock recalculation has been completed and corresponding letters and enclosures were mailed to all members on April 1, 2009.
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10-K Filing Delay
The Federal Home Loan Bank of Boston announced today it delayed filing its 2008 Annual Report on 10-K.
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Member Outreach Presentation
On March 5, 2009, President and CEO Michael A. Jessee presented information to members of the Bank in the first of a series of member outreach meetings scheduled in March.
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Bank Announces 2008 Loss, Suspends Quarterly Dividend
The Federal Home Loan Bank of Boston announced today an annual net loss of $73.2 million for 2008 primarily based on a write-down of $339.1 million in other-than-temporary impairment charges on its private-label mortgage-backed securities. The Bank also suspended its quarterly dividend.
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Moody's Rates the Federal Home Loan Bank System Aaa
In February, 2009, Moody's Investors Service released a credit-rating report on the Federal Home Loan Bank System, which received a rating of Aaa.
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Bank Introduces MPF Xtra
The Federal Home Loan Bank of Boston is pleased to announce the introduction of MPF Xtra, a new addition to the Mortgage Partnership Finance program.
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Bank President Updates Members on Dividend, AHP
Federal Home Loan Bank of Boston President Michael A. Jessee responded this week to member inquiries regarding future dividends and the 2009 Affordable Housing Program.
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President and CEO Michael A. Jessee to Retire
Michael A. Jessee, president and chief executive officer of the Federal Home Loan Bank of Boston, has announced his intention to retire at the end of April 2009.
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Jan A. Miller Elected Chair of the Board
The Board of Directors of the Federal Home Loan Bank of Boston has elected Jan A. Miller to a two-year term as chair of the board.
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Bank Amends Products Policy
On January 5, the Bank announced a revision of the Products Policy that allows insurance-company members to execute a specific pledge lien agreement with the Bank.
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Retained Earnings
On December 18, the Bank sent a letter to members regarding retained earnings.
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Bank Announces Board Election Results
The Federal Home Loan Bank of Boston is pleased to announce the 2008 election results for member and independent directors.
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Excess Stock Repurchases
On December 8, the Bank sent an e-mail to members regarding excess stock repurchases.
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AHP to Fund 24 Initiatives in Round Two
The Bank awarded more than $22.8 million in grants, loans, and rate subsidies to fund 24 initiatives in the second round of its 2008 Affordable Housing Program.
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Bank Announces Dividend
The Bank sent a letter to members announcing its quarterly dividend.
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2009 Bank Holidays
The Federal Home Loan Bank of Boston will observe nine holidays during 2009.
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Independent Director Election
The Federal Home Loan Bank of Boston will be conducting an election for two independent directorships whose terms of office will commence on January 1, 2009. Financial institutions that were Bank members as of December 31, 2007, will be eligible to vote in the 2008 election of independent directors.
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Upgrade Planned for FHLB Direct
The Bank plans to upgrade FHLB Direct to Version 5.4 over the weekend of November 22, 2008. The new version will be operational November 24, 2008.
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Bank President Submits Comments on Proposed FDIC Rule
FHLB Boston President Michael Jessee submitted written comments on a proposed FDIC rule on deposit insurance assessments that would penalize users of advances. Members are encouraged to submit comments by December 17.
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Bank Announces Third Quarter 2008 Results
The Federal Home Loan Bank of Boston announced unaudited results for the quarter ended September 30, 2008.
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Director Elections
The Bank sent a letter to members regarding upcoming director elections.
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GSE Events
The Bank sent a letter to members regarding the recent actions of the U.S. Treasury and the Federal Housing Finance Agency, regulator of the housing GSEs.
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Changes to IDEAL Way Accounts
The Federal Home Loan Bank of Boston is implementing changes that will minimize IDEAL Way account overdrafts and charges as well as reduce the number of telephone calls required when overdrafts occur.
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Bank Announces Second Quarter Results, Declares Dividend
The Federal Home Loan Bank of Boston announced unaudited results for the quarter ended June 30, 2008.
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Bank Declares Quarterly Dividend
The Federal Home Loan Bank of Boston declared a quarterly dividend rate with an equivalent annual yield of 3.05 percent.
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Retained Earnings
The Federal Home Loan Bank of Boston (the Bank) sent a letter to members regarding the adoption of a revised retained earnings target range.
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AHP to Fund 28 Initiatives
The Bank awarded more than $17.5 million in grants, loans, and rate subsidies to fund 28 initiatives in the first round of its 2008 Affordable Housing Program.
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FDIC Comment Period
The Bank sent a letter to members regarding the FDIC comment period on covered bonds.
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Bank Declares Q2 Dividend
The board of directors of the Federal Home Loan Bank of Boston declared a second quarter dividend rate with an equivalent annual yield of 4.00 percent. The dividend, based on average stock outstanding for the first quarter, will be paid on June 3, 2008.
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Bank Announces Q1 2008 Results
The Federal Home Loan Bank of Boston announced unaudited results for the quarter ended March 31, 2008.
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Bank Amends Products Policy
The Board of Directors of the Federal Home Loan Bank of Boston has approved three changes to the Products Policy for Members. These changes amend the Credit Pricing section of the policy, add the Bank’s Subprime and Nontraditional Loan Policy as Appendix E, and make an adjustment to the collateral valuation.
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MPF Program
The Bank sent a letter to its members regarding the status of the MPF program.
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MPF Stock-Investment Requirement
The Bank's board of directors voted to adjust the activity-based stock-investment requirement for loans that members sell to the Bank under the MPF program to 4.50 percent.
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75th Annual Shareholders Meeting
The Bank held its 75th Annual Shareholders Meeting on April 16, 2008.
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Annual Stock Recalculation Completed
The annual capital stock recalculation has been completed and corresponding letters and enclosures were mailed to all members on April 1, 2008.
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Bank Amends Products Policy
On April 1, the Bank announced five changes to the Qualified Collateral section of the Products Policy. These changes may affect members' collateral position with the Bank.
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Bank Amends Products Policy
The board of directors of the Federal Home Loan Bank of Boston has amended the Products Policy for members.
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Bank Announces 2007 Highlights, Q1 2008 Dividend
The Federal Home Loan Bank of Boston announced unaudited financial results for the year ended December 31, 2007, and the board of directors' declaration of a first quarter dividend.
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Director Appointments
Joan Carty and John T. Eller were recently appointed to the board of directors of the Federal Home Loan Bank of Boston.
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Board Election Results
The Federal Home Loan Bank of Boston announced its board election results.
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Faxing the Bank
The Federal Home Loan Bank of Boston requires that all incoming faxes include an institution’s fax telephone number and name so that faxes are not discarded as spam by Bank systems.
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