Letters of Credit

All Products & Programs

Advances

With fixed and adjustable rate features, FHLBank Boston’s broad range of advances offers flexible cash flow and payment options to fit members’ business goals.

Mortgage Partnership Finance

The Mortgage Partnership Finance program serves a wide range of secondary market options whether it is enhanced revenue through risk sharing or liquidity by providing ready access to the conventional and government markets.

Housing & Economic Growth

FHLBank Boston members use our suite of housing and community investment programs to expand the stock of affordable housing and promote economic development.

Letters of Credit

Financial institutions use our letters of credit to facilitate residential housing finance and community lending, improve liquidity, and meet a variety of other financing needs.

Correspondent Services

Safekeeping, wire transfer, and other correspondent services from FHLBank Boston help members improve profitability and save time managing their cash positions and securities portfolios.

Online Banking

Offering a user-friendly and intuitive experience, Online Banking enables members to initiate advances, outgoing advance wires, safekeeping trades, letters of credit, and more online.
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All Member Resources

Products & Solutions Guide

Review advance product details and information about eligible collateral, collateral evaluation, and borrowing documentation in the Products + Solutions Guide.

Forms & Applications

Find the form or application you need to effectively use our products and programs.

Capital Stock Requirements

Read about FHLBank Boston’s membership stock investment requirements to complete transactions.

Member Directory

See which banks, credit unions, and insurance companies comprise FHLBank Boston’s membership.

Policies

Learn more about how FHLBank Boston manages operational risk and supports the expansion of fair and equitable homeownership opportunities.

Collateral Overview

Before securing an advance, letter of credit, or a line of credit, get more information about pledging collateral and our collateral review process.

Product Benefits

An FHLBank Boston LOC provides the backing of a highly rated institution that ensures wide acceptance for multiple purposes. Our LOCs support your liquidity, asset/liability management, and housing, community, and economic development activities.

What We Offer:

Types of LOCs

Read about the types of letters of credit we offer to provide members with a low-cost and effective way to attract and secure agreements with third parties.

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Using LOCs

Letters of credit are used to achieve various goals and can be an especially attractive alternative to pledging securities for public unit deposits.

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Using Online Banking for LOCs

Letters of credit can be requested through Online Banking. Processing a letter of credit online saves you time, and your beneficiary information is retained in the system, making it easy each time you need to order a new or manage an existing LOC.

As a convenience, letters of credit you create in Online Banking can be sent directly to your customers, allowing for faster processing. To learn more about using Online Banking in general or for letters of credit, please read these User Guides.

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Ready to book a letter of credit?

Call the Member Funding Desk at 800-357-3452

*Please review the Federal regulations regarding letters of credit