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October 31, 2008
The following policy governs the extension of credit to members
of the Federal Home Loan Bank of Boston ("the Bank") and describes
the types of products and services available to them. It was
established by the board of directors of the Bank. The Bank's
staff, with the approval of the president, may grant exceptions
to the provisions of this policy when necessary or in the
Bank's interest.
Extensions of credit will be:
- In compliance with Federal Home Loan Bank and Federal
Housing Finance Board regulations and advances guidelines;
and
- In conformance with the Bank's credit and collateral requirements.
The Bank has replaced its Credit Policy with this Products
Policy. For purposes of any Bank agreement or other document
that refers to the Bank's Credit Policy, this Products Policy
is the Credit Policy, and members are therefore bound by the
Products Policy's terms and conditions to the same extent
that they are bound by the terms and conditions of the Credit
Policy. This Products Policy now constitutes the Credit Policy.
Housing associates are governed by a separate Products Policy,
which may be obtained by contacting the Collateral Department
at collateral@fhlbboston.com
or 617-292-9729.
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