On April 19, 2004, the Federal Home Loan Bank of Boston implemented a new capital structure and stock-investment rules to comply with the Gramm-Leach-Bliley Act of 1999 and regulations that were subsequently promulgated in 2001 by the Bank's regulator, the Federal Housing Finance Board.

Please contact Frank Nitkiewicz, executive vice president and chief financial officer, at 617-292-9624; or Ellen McLaughlin, senior vice president and general counsel, at 617-292-9660, with any questions.