|
Printable
Version
April 30, 2008
Credit Products
The Bank offers short-, medium-, and long-term loans (called “advances”)
with features that include fixed or variable rates and several
choices for payment of principal and interest. Some advances
contain embedded options, interest-rate caps, or interest-rate
floors. The Bank offers discounted advances for funding eligible
affordable-housing and community-development initiatives.
In addition to advances, the Bank also offers non-cash credit
products such as letters of credit and forward commitments
to borrow advances.
The Bank's credit products may present significant interest-rate
and other risks to members. Members should ensure that they
fully understand these risks and are able to manage them prior
to obtaining products from the Bank.
For more information about the Bank's credit
products, call your relationship manager, at 1-888-595-8733,
or contact the Money Desk, at moneydesk@fhlbboston.com
or 1-800-357-3452.
Asset-Purchase Programs
The Bank's Mortgage
Partnership Finance®(MPF®) program is an attractive
alternative to the traditional secondary market. Through MPF,
the Bank purchases eligible mortgages from participating members.
Members originate and service the loans and are paid fees
in return for retaining much of the credit risk associated
with the loans. The Bank manages the interest-rate, liquidity,
and prepayment risks, as well as a portion of the credit risk.
While MPF is currently the only asset-purchase program offered
by the Bank, others may be available in the future.
For more information about the Bank's asset-purchase programs,
contact the MPF staff, at mpf@fhlbboston.com
or 1-888-675-0556, or call your relationship manager, at 1-888-595-8733.
Correspondent Services
The Bank offers a number of correspondent
services for cash management and investment. Cash-management
services include IDEAL Way demand deposit accounts, IDEAL
Way lines of credit, zero-balance disbursement accounts, custodial
mortgage accounts, automated reconcilement services, funds
transfer services, and fed settlement services. The Bank's
investment services include several short- and long-term deposit
programs and safekeeping and trading services.
For more information about the Bank's correspondent services,
call your relationship manager, at 1-888-595-8733, or contact
the Money Desk, at moneydesk@fhlbboston.com
or 1-800-357-3452.
"Mortgage Partnership Finance"
and "MPF" are registered trademarks of the Federal
Home Loan Bank of Chicago.
|
