In response to member interest, the Federal Home Loan Bank of Boston's Money Desk has extended its offering of long-term advance specials in an auction format through September.

In lieu of its regularly scheduled long-term offerings on the first and third Wednesday of each month, the Bank will be conducting these limited-availability auctions for a selection of bullet advances with final maturities ranging from two to 10 years.

On auction days, the Money Desk will take bids for offered terms from 9:30 a.m. to 10:30 a.m. Once the winning bids have been determined, each member placing a bid will be informed if the bid has been accepted. Since the discounted funds available in the long-term auctions will be limited, bidding will be competitive and some submitted bids might not be accepted.

Amortizing specials will continue to be offered in their current format on alternating Wednesdays.

For more information, please contact the Money Desk at 800-357-3452.