Federal Home Loan Bank of Boston 8-K

What Happened

• The Federal Home Loan Bank of Boston filed a Form 8-K on January 6, 2026 (Item 2.03) disclosing the creation/commitment of consolidated obligations for which it is the primary obligor. The schedule shows four non-callable, variable-rate bonds (single-index floaters tied to SOFR) with aggregate par of $335,000,000, settled in January 2026 and maturing through April 5, 2027. The filing was signed by George Maroun, Vice President and Treasurer.

Key Details

• Total par amount committed: $335,000,000 (four issues: $250M, $35M, $25M, $25M).
• Trade/settlement dates: trades on 12/31/2025 and 1/2/2026; settlements on 1/2/2026 and 1/5/2026.
• Maturities: Jan 4, 2027; Feb 5, 2027; Mar 5, 2027; Apr 5, 2027. Next scheduled coupon/pay dates in 2026.
• Rate terms: variable single-index floaters tied to SOFR with spreads of +3 bps, +3.5 bps, +4 bps, and +4.5 bps respectively. All four issues are non-callable.
• Regulatory/credit note: consolidated obligations are joint and several obligations of the 11 Federal Home Loan Banks and are backed only by the FHLBanks’ financial resources (not guaranteed by the U.S. government).

Why It Matters

• This 8-K informs investors that FHLB Boston has taken on primary repayment responsibility for these consolidated obligations, increasing the amount for which it may be liable. Because consolidated obligations are jointly and severally liable across all FHLBanks, the item is a disclosure about funding and contingent repayment exposure, not a corporate guarantee by the federal government.
• The issues are short-term (maturities in early 2027) and pay variable interest tied to SOFR, so interest costs will move with short-term rates. The Bank will report total consolidated obligations outstanding in its periodic SEC filings; Schedule A here does not include certain short-term discount notes or reflect GAAP balances.