Federal Home Loan Bank of Boston 8-K

What Happened

• The Federal Home Loan Bank of Boston filed an 8-K (Item 2.03) on Feb 5, 2026, reporting that it committed to issue consolidated obligation bonds (debt sold through the FHLBanks' Office of Finance). The Schedule A in the filing shows three bond issues with a total par amount of $85 million, trade dates in early February 2026, and settlement dates in February 2026.

Key Details

• Total par amount committed: $85,000,000 across three issues:
  • $25,000,000 trade date 2/2/2026; settlement 2/4/2026; maturity 2/4/2031; coupon 4.000%; next call date 8/4/2027 (Bermudan optional redemption).
  • $30,000,000 trade date 2/2/2026; settlement 2/11/2026; maturity 2/11/2031; coupon 4.020%; next call date 2/11/2027 (Bermudan optional redemption).
  • $30,000,000 trade date 2/3/2026; settlement 2/11/2026; maturity 2/11/2028; coupon 3.750%; next call date 8/11/2026 (Bermudan optional redemption).
• These consolidated obligations are joint and several obligations of the 11 Federal Home Loan Banks; the Bank may be required to repay obligations for which another FHLBank is the primary obligor.
• Consolidated obligations are backed only by the financial resources of the FHLBanks and are not guaranteed by the U.S. government. Schedule A reports par amounts and generally excludes discount notes with maturity ≤1 year.

Why It Matters

• For investors, this filing discloses new debt the Bank will be primarily responsible for issuing and the Bank’s exposure as part of the joint consolidated-obligation funding structure used by the FHLBanks. Coupon rates, maturities, call features, and par amounts help assess the Bank’s funding costs and future interest commitments. The 8-K also reiterates that total consolidated obligations outstanding and GAAP presentation appear in periodic reports, since par amounts reported here may differ from GAAP balances.