FHLB Members: Forms & Applications

Whether your institution recently joined the Federal Home Loan Bank of Boston or you're newly responsible for transacting business with the Bank, these five easy steps will guide you through taking down your first advance.

1. Have the Necessary Forms on File
To take down an advance, all necessary forms must be on file and up-to-date for your institution. Missing a form? Need to update the list of individuals authorized to take down advances? Not to worry — you can download all but one form below.

2. Know Your Collateral Status
Your collateral status determines your next step. If you are unsure of your collateral status, you can refer to the Bank's Products Policy for general guidelines. For specifics on your collateral status, contact our Collateral Department at collateral@fhlbboston.com or 617-292-9729.

If you are in blanket-lien status, proceed to Step 3.
If you are in listing or possession (delivery) status and have delivered sufficient qualified collateral to the Bank, proceed to Step 3.
If you are in listing or possession (delivery) status and have not delivered sufficient qualified collateral to the Bank, please contact our Collateral Department at collateral@fhlbboston.com or 617-292-9729.

3. Match Our Products to Your Funding Needs
You're now ready to take down an advance. Check out our online product information and rates to find out which advance best meets your needs. Or contact your relationship manager or the Money Desk, at moneydesk@fhlbboston.com or 1-800-357-3452, to discuss your funding options.

4. Tell Us What You Need
To take down an advance, just call the Money Desk, at 1-800-357-3452, and one of our member funding specialists will walk you through the transaction. All you need to give them is your docket number and the amount and term of the advance — it's that simple.

5. OK, So Now What?
Disbursement varies by product (check out the product detail pages in our Credit Products section). Once the funds have been disbursed into your IDEAL Way account, you can transfer them to your other Federal Home Loan Bank of Boston accounts†† or wire* them out by contacting our customer service staff at 1-800-358-9709.

†A Wire Transfer Authorized Signature Card must also be on file at the Bank. As this form is not available online, please contact Theresa Mahoney, operations manager, at theresa.mahoney@fhlbboston.com or 617-292-9790, to receive a copy.

††Other forms may be required to establish different deposit accounts. For more information, see the Forms & Applications section, or contact our customer service staff at customerservice@fhlbboston.com or
1-800-358-9709.

*For fast access to your funding, your institution must have at least one individual who is authorized to complete an outgoing wire transfer (accomplished by submitting the "Wire Transfer Authorized Signature Card" in Step 1 above). For more information about wire transfers, please see our answers to some frequently asked questions or the Wires section.