FHLB Correspondent Services: Safekeeping

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If instructions are received after the deadlines listed below, we will do our best, but cannot guarantee the settlement or cash flows.


	DTC-ELIGIBLE SECURITIES (Corporate Bonds & Equities)

		Receipt of Instructions	FHLB Commitment
	Receipts	Noon settlement date	IDEAL Way Account charged Fed Funds on settlement day.

	Deliveries	Noon settlement date	IDEAL Way Account credited in Fed Funds on settlement day. (Provided instructions are accurate and on time.)

	Maturities		IDEAL Way Account credited on maturity date unless it falls on a nonbusiness day, then its payable on the next business day.


	FEDERAL RESERVE BOOK-ENTRY SECURITIES (FBE)

		Receipt of Instructions	FHLB Commitment
	Receipts	Noon settlement date	IDEAL Way Account charged on settlement date.

	Deliveries	Noon settlement date	IDEAL Way Account credited on settlement date.

	Turnarounds	Noon settlement date	IDEAL Way Account credited and charged on settlement date.

	Maturities		IDEAL Way Account credited on payable date.


	PHYSICAL SECURITIES

		Receipt of Instructions	FHLB Commitment
	Receipts	Noon one day prior to settlement date	IDEAL Way Account charged on settlement date.

	Deliveries	Noon one day prior to settlement date	IDEAL Way Account charged on settlement date.


	INTERNATIONAL SECURITIES

		Receipt of Instructions	FHLB Commitment
	Receipts	Noon three days prior to settlement date	IDEAL Way Account charged on settlement date.

	Deliveries	Noon three days prior to settlement date	IDEAL Way Account credited on settlement date.


	SHORT-TERM SECURITES

		Receipt of Instructions	FHLB Commitment
	Receipts	Noon settlement date	IDEAL Way Account charged on settlement date.

	Deliveries	Noon settlement date	IDEAL Way Account credited on settlement date.

	Turnarounds	Noon settlement date	IDEAL Way Account credited and charged on settlement date.

	Maturities		All money market instruments with prespecified maturity dates will be credited to the IDEAL Way account on the payable date. All money market instruments that do not have a pre-specified maturity date, such as PFD money markets, must be called into the Safekeeping Department as sales two days prior to maturity.

For more information, contact the Safekeeping Department at safekeeping@fhlbboston.com or 1-800-358-9709.