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CREDIT PRODUCTS

Advances
Agreement for Advances, Collateral Pledge, and Security Agreement (PDF/286KB)
This form is to be completed only when an institution becomes a member of the Federal Home Loan Bank of Boston, or when a member institution changes its name.

Blanket Resolution for Advances, Letters of Credit, and Interest Rate Swaps (PDF/66KB)
The secretary of your institution uses this form to establish the individual that your board of directors has authorized to act for and on behalf of your institution. It remains in effect until your board chooses a new individual and a new blanket resolution is submitted. (You must also complete the Delegation of Authority form, below.)

Delegation of Authority (PDF/100KB)
This form is completed by the individual authorized on the Blanket Resolution for Advances, Letters of Credit, and Interest Rate Swaps (above) to establish or update the individuals authorized to take down advances. It remains in effect until a new Delegation of Authority form is submitted.

Short-Term Advances Master Application (PDF/94KB)
Any individual listed on the Delegation of Authority form can use this form to establish authority to take down advances with terms of less than six months.

The Short-Term Advances Master Application allows you to forgo completing an advances application for any fixed-rate advance with a term of less than six months. It is required for the takedown of a Daily Cash Manager advance.

Supplement A to Application for Advance (PDF/196KB)
Members in posession collateral status must submit this form at least three days prior to the expected disbursement of an advance.

Letters of Credit
Reimbursement Agreement (PDF/121KB)
Complete this form to establish the documentation necessary for your institution to conduct letter-of-credit activity.

Letter of Credit Application (PDF/96KB)
Complete this application for each letter of credit (or letter of credit guarantee) that you want the Bank to issue.

Public Unit Deposit Collateralization Annex (PDF/20.6KB)
In order to use letters of credit as collateral for variable balance municipal deposits, you must complete this form in addition to the two forms above.

If you have any questions, contact your relationship manager.








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