NEWS
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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Bank Announces Round One of the 2008 AHP
The first round of the 2008 Affordable Housing Program opens on March 3.
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Bank Declares Dividend
The Federal Home Loan Bank of Boston declared its fourth quarter dividend rate.
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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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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 Q3 2007 Results
The Federal Home Loan Bank of Boston announced unaudited results for the quarter ended September 30, 2007.
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Bank Announces Increase in Advances to Members
The Federal Home Loan Bank of Boston increased its advances outstanding to member financial institutions by approximately $13.1 billion during September 2007.
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Bank Announces Q2 2007 Results and Quarterly Dividend
The Federal Home Loan Bank of Boston announced the following unaudited results for the quarter ended June 30, 2007, and also declared its quarterly dividend rate.
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Board 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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Changes to Correspondent Services
The Federal Home Loan Bank of Boston is making changes to its correspondent services to provide more efficient and flexible services to its members.
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Bermudan Option for the Flipper Advance
The Federal Home Loan Bank of Boston is now offering the Flipper advance in a Bermudan structure.
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AHP to Fund 23 Initiatives
The Bank awarded more than $18 million in grants, loans, and rate subsidies to fund 23 initiatives in the first round of its 2007 Affordable Housing Program.
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Bank Introduces the Flipper Advance
The Federal Home Loan Bank of Boston now offers the Flipper, a floater-to-fixed advance with a one-time call date.
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Bank Declares Dividend
The Federal Home Loan Bank of Boston declared its second quarter 2007 dividend.
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Bank Announces Q1 2007 Results
The Federal Home Loan Bank of Boston announced the following unaudited results for the quarter ended March 31, 2007.
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David Rosato Appointed to Board
Webster Bank executive R. David Rosato has been appointed to a vacant seat on the board of directors of the Federal Home Loan Bank of Boston.
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Director Appointments
The Federal Home Loan Bank of Boston sent a letter to members regarding six board director appointments.
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Bank Amends Products Policy
The Board of Directors of the Federal Home Loan Bank of Boston has approved four amended sections of the Products Policy for Members.
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Bank Declares Dividend, Announces 2006 Highlights
The Federal Home Loan Bank of Boston declared its first quarter 2007 dividend and announced 2006 operating highlights.
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John H. Ellis Appointed to Board
The Federal Home Loan Bank of Boston is pleased to announce the appointment of John H. Ellis to its board of directors.
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Regulatory Update, Board Announcements
The Federal Home Loan Bank of Boston sent a letter to members providing an update on a proposed regulation and board appointments.
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Director Election Results
The Federal Home Loan Bank of Boston announced its board election results.
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AHP to Fund 15 Initiatives
The Federal Home Loan Bank of Boston has awarded almost $15.0 million in grants, loans, and rate subsidies to fund 15 initiatives in the second round of its 2006 Affordable Housing Program.
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Bank Files Third Quarter Report
The Bank filed its third quarter report on Form 10-Q with the Securities and Exchange Commission on November 13, 2006.
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Bank Announes Third Quarter 2006 Results
The Federal Home Loan Bank of Boston announced unaudited results for the quarter ended September 30, 2006.
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Officer Promotions
On October 23, the Bank announced several officer promotions and organizational changes.
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Michael Edwards Appointed to Board
The Federal Home Loan Bank of Boston is pleased to announce the appointment of Michael Edwards to the Bank’s board of directors.
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2007 Bank Holidays
In 2007, the Bank will be closed for 10 holidays.
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Bank Reduces Activity-Based Stock-Investment Requirement
On August 31, the Bank issued a letter to members announcing that it has reduced its activity-based stock-investment requirement.
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Bank Issues Comment Letter to FDIC
The Federal Home Loan Bank of Boston recently issued a comment letter to the Federal Deposit Insurance Company in response to a proposed regulation regarding deposit insurance assessments.
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Bank Files Second Quarter Report
The Bank filed its second quarter report on Form 10-Q with the Securities and Exchange Commission on August 10, 2006.
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Dividend Update
On August 3, the Bank's board of directors approved a dividend based on a yield of 5.50 percent. This dividend yield will be applied to the average daily balance of Class B shares held during the period April 1, 2006, through June 30, 2006.
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Bank Announces Second Quarter 2006 Results
The Federal Home Loan Bank of Boston recently announced unaudited results for the quarter ended June 30, 2006.
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AHP to Fund 16 Initiatives
The Federal Home Loan Bank of Boston has awarded more than $13.2 million in grants, loans, and rate subsidies to fund 16 initiatives in the first round of its 2006 Affordable Housing Program.
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Bank Comments on Proposed Capital Regulation
The Federal Home Loan Bank of Boston recently issued a comment letter to its regulator, the Federal Housing Finance Board, regarding a proposed capital regulation.
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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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Bank Amends Products Policy
The board of directors of the Federal Home Loan Bank of Boston has amended five sections of the Bank's Products Policy.
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Funding Flood Relief
Community Development advances can be used to fund commercial or mixed-use initiatives in any federally or state-declared disaster area in any region of the country.
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Change in Dividend Payment Schedule
The board of directors of the Federal Home Loan Bank of Boston has approved a plan to change the timing of dividend declarations and payments.
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Bank Files First Quarter Report
The Bank filed its first quarter report on Form 10-Q with the Securities and Exchange Commission on May 12, 2006.
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Anti-Predatory Lending Policy Changes
The Federal Home Loan Bank of Boston has modified its anti-predatory lending policy to better ensure that it complies fully with Federal Housing Finance Board requirements.
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The Bank Announces Q1 2006 Results
As of March 31, 2006, total assets of the Federal Home Loan Bank of Boston rose to $61.4 billion, advances increased to $40.6 billion, and net income grew to $45.6 million.
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Excess Stock Repurchase Program
On April 14, the Federal Home Loan Bank of Boston sent a letter to members announcing that it has formalized a policy to periodically repurchase a portion of members' excess capital stock.
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Proposed Capital Regulation
On March 31, 2006, the Federal Home Loan Bank of Boston sent members a letter regarding a proposed capital regulation issued by its regulator, the Federal Housing Finance Board.
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Bank Files 2005 Form 10-K
The Bank filed its 2005 Form 10-K, which includes its yearend financial statements, with the Securities and Exchange Commission on March 30, 2006. The form is now available to the public on the SEC web site.
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Bank Announces Board Changes
Charles F. Frosch will resign his position as director of the Bank effective April 1, 2006. R. David Rosato will serve the balance of his term.
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Bank Announces 2005 Highlights, Q1 2006 Dividend
As of December 31, 2005, total assets rose to $57.7 billion, advances increased to $38.1 billion, and net income grew to $135.3 million. In addition, the Bank's board of directors declared a dividend rate with an annual equivalent yield of 5.25 percent for the first quarter of 2006.
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Bank Introduces New Advance
The Federal Home Loan Bank of Boston recently introduced the Discount Note Auction-Indexed advance, a new low-cost funding tool that allows members to lock in a spread for a term of their choosing.
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Bank Announces Dividend; Registration Statement Becomes Effective
The Bank announced a dividend rate with an equivalent annual yield of 4.85 percent for the fourth quarter of 2005. In addition, the Bank's Registration Statement on Form 10, filed with the Securities and Exchange Commission on October 31, 2005, and amended on December 22, 2005, became effective on December 30, 2005.
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Anti-Predatory Lending Policy
The Federal Home Loan Bank of Boston has added a new anti-predatory lending policy for collateral and acquired member assets. Read the new policy online.
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SEC Filing
The Bank filed an amendment to its Registration Statement on Form 10, which includes its third quarter financial statements, with the Securities and Exchange Commission on December 22, 2005. The form is now available to the public on the SEC web site.
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Bank Announces Election Results
The Federal Home Loan Bank of Boston announced election results for its board of directors.
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16 Initiatives Receive Awards in Round Two
The Bank has awarded nearly $9.7 million in grants and advances to fund 16 initiatives in the second round of its 2005 Affordable Housing Program (AHP). View the winning initiatives online.
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SEC Filing
The Bank filed its Registration Statement on Form 10, which includes its second quarter financial statements, with the Securities and Exchange Commission on October 31, 2005. The form is now available to the public on the SEC web site.
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2006 Bank Holidays
In 2006, the Bank will be closed for nine holidays.
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Bank Announces Dividend
The Federal Home Loan Bank of Boston has announced a cash dividend with an equivalent annual yield of 4.25 percent on average daily balances of Class B shares held for the third quarter of 2005, as recommended by the Bank's board of directors. The Federal Housing Finance Board has approved this dividend.
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Disaster-Relief Community Development Advances
Many regions of New England are suffering from economic disasters resulting from the harmful red-tide algae bloom, the difficulty of military reservists leaving their jobs to enter active duty, and a number of other weather-related disasters. The Bank is able to provide lower-cost wholesale Community Development advances for disaster relief.
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Board Announces Dividend
The Board of Directors of the Federal Home Loan Bank of Boston has declared a cash dividend with an equivalent annual yield of 4.25 percent on average daily balances of Class B shares held for the second quarter of 2005.
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12 Initiatives Receive Awards in Round One
The Bank has awarded more than $14.5 million in grants and advances to fund 12 initiatives in the first round of its 2005 Affordable Housing Program (AHP). View the winning initiatives online.
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FHLB Direct Now Supports Windows XP
FHLB Direct now supports Windows XP Service Pak 2.
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Bank Launches New Advance
The Federal Home Loan Bank of Boston recently introduced the new Symmetrical Prepayment advance, a fixed-rate advance with a special prepayment feature to help members better manage market and interest-rate risk.
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Board Announces Dividend
The Board of Directors of the Federal Home Loan Bank of Boston has declared a cash dividend with an equivalent annual yield of 4.00 percent on average daily balances of Class B shares held for the first quarter of 2005.
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Capital Stock Converted
Prior to the opening of business on April 19, outstanding shares of the Federal Home Loan Bank of Boston's capital stock were automatically converted to an equal amount of the new Class B stock.
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New Maturity Dates for Amortizing Advances
Effective March 1, 2004, and based upon the term of the advance, the maturity date for new Amortizing advances defaults to the first business day of the month following disbursement. The exception to this new policy is that new Amortizing advances taken down on the first of the month will mature on the actual take-down date.
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FHLB Direct Reports
One of the benefits of FHLB Direct is that it allows you to customize reports to quickly and easily gather information about specific corporate accounts. You can then import these reports into Excel to create tailored, printable documents for use within your institution.
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Online Safekeeping Boosts Efficiency
The auto-population of fields saves time and helps ensure the accuracy of the input, says Stephen Cote, CFO and treasurer of Ipswich Co-operative Bank in Massachusetts, one of the first members to switch to online safekeeping.
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Online Access to Flexible Funding
Members can now apply online for a Community Development advance through FHLB Direct, the Bank's online account-information and transaction service.
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Member Taps CDA to Fund Multifamily Program
To encourage experienced landlords to purchase and revive vacant properties, Connecticut member Dime Savings Bank used a Bank advance to fund a creative mortgage program for buyers of two- to four-family properties.
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Five Steps to Your First Advance
Whether your institution recently joined the Bank or you're newly responsible for transacting business with the Bank, these five easy steps will guide you through taking down your first advance.
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Emergency Source of Federal Home Loan Bank Funding
The Federal Home Loan Bank of Boston and the Federal Home Loan Bank of Topeka have executed an agreement to serve as each other's backup in the event of an emergency that renders one of them unable to operate normally. In such an emergency, the Federal Home Loan Bank of Topeka will provide advances to the Federal Home Loan Bank of Boston's members
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Advances Provide Key Community Funding
Without easy access to the Bank's Community Development advances, Greenfield Savings Bank would lose a key source of funding for local small businesses and nonprofit organizations.
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Cooperatives with a Mission
President and CEO Michael A. Jessee discusses why the Federal Home Loan Banks are free of much of the scrutiny surrounding the publicly traded government-sponsored enterprises.
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MPF® Puts Bankers Back in Secondary Market
Officers from member East Boston Savings Bank tell why they find the Bank's Mortgage Partnership Finance® program so appealing.
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Emergency Phone Numbers Now on Site
Emergency phone numbers for Bank staff are now available in the Contact Us section of our site.
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Small-Volume Lender Sees Big Potential in MPF®
Like many smaller-volume mortgage lenders, a Maine member had been left out of the traditional secondary market. Since November of last year, however, the member has sold more than $4 million in residential mortgages, thanks to the MPF® program.
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Member Wins Newcomers' Trust and Business
Thanks to some flexibility and a strong commitment, a Massachusetts member has built profitable relationships with recent immigrants.
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Acquisition Raises Questions about Multidistrict Membership
The recent acquisition of a member of the Federal Home Loan Bank of Dallas by a member of the Federal Home Loan Bank of San Francisco begs several questions. Among them, must institutions have a charter in a Federal Home Loan Bank district to become a member?
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MPF® Helps Small Members Break Into Secondary Market
By creating a new "small-lender" class of PFIs, the Bank has made it easier for members that have never sold loans in the secondary market to do so.
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Bank Promotes Two Officers
Frank Nitkiewicz was promoted to executive vice president/chief financial officer, and Daniel R. Devine was promoted to first vice president/treasurer.
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