Federal Home Loan Bank of Boston 8-K

What Happened

• The Federal Home Loan Bank of Boston filed a Current Report on Form 8‑K (Item 2.03) on December 23, 2025 to disclose the creation of direct financial obligations. The Bank reported entering into three consolidated obligation bond issuances (debt securities) with a combined par amount of $60,000,000. These consolidated obligations are joint and several obligations of the 11 Federal Home Loan Banks and are issued through the FHLBanks’ Office of Finance.

Key Details

• Total par amount: $60,000,000 (three issues: $20M, $25M, $15M).
• Trade and settlement dates:
  • Trade 12/17/2025, Settlement 12/30/2025 — CUSIP 3130B8XM9 — $20,000,000 — Maturity 12/27/2030 — Coupon 4.215% — Bermudan callable (next call 3/27/2026).
  • Trade 12/18/2025, Settlement 12/29/2025 — CUSIP 3130B8XT4 — $25,000,000 — Maturity 12/29/2038 — Coupon 5.075% — American callable (next call 12/29/2026).
  • Trade 12/19/2025, Settlement 12/23/2025 — CUSIP 3130B8Y30 — $15,000,000 — Maturity 6/23/2028 — Coupon 3.750% — Bermudan callable (next call 6/23/2026).
• Regulatory/credit note: Consolidated obligations are backed only by the financial resources of the FHLBanks (not guaranteed by the U.S. government). The Federal Housing Finance Agency may require any FHLBank to repay obligations for which another FHLBank is the primary obligor.
• The filing notes Schedule A excludes short-term discount notes (maturities ≤ 1 year) and that the Bank will report total consolidated obligations outstanding in its periodic SEC reports.

Why It Matters

• These issuances increase the Bank’s debt obligations and add $60M of consolidated obligations for which the Bank is the primary obligor on the reported issues. Because consolidated obligations are jointly and severally payable by all FHLBanks and are not U.S. government guaranteed, investors should note the credit rests on the FHLBanks’ collective resources rather than federal backing. The maturities, coupons and callable features affect interest income and refinancing/call risk for holders; the Bank will disclose aggregate outstanding consolidated obligations in future periodic filings.