Federal Home Loan Bank of Boston 8-K

What Happened

• The Federal Home Loan Bank of Boston filed an 8‑K (Item 2.03) disclosing consolidated obligation issuances/commitments with trade dates of February 11 and 12, 2026. The schedule shows four consolidated obligations with an aggregate par amount of $195,000,000, including fixed-rate and variable (SOFR‑indexed) issues. Consolidated obligations are joint and several obligations of the 11 Federal Home Loan Banks and are not guaranteed by the U.S. government.

Key Details

• Total par amount reported: $195,000,000 (four consolidated obligations).
• Fixed-rate bonds:
  • $20,000,000 par, 4.00% coupon, maturity Feb 12, 2031 (Bermudan callable; next call date 2/12/2027).
  • $10,000,000 par, 4.30% coupon, maturity Feb 26, 2036 (Bermudan callable; next call date 2/26/2029).
• Variable-rate notes:
  • $50,000,000 par, single-index floater, maturity Jan 29, 2027 (non-callable; rate based on SOFR + 3 bps).
  • $115,000,000 par, single-index floater, maturity Feb 17, 2075 (non-callable; rate based on SOFR + 3 bps).
• Settlement dates reported: Feb 13, Feb 17 and Feb 26, 2026 (per Schedule A). Issuances are sold via the FHLBanks’ Office of Finance.

Why It Matters

• These entries show the Bank’s ongoing use of consolidated obligations (joint debt of the 11 FHLBanks) to raise funding. Retail investors should note that consolidated obligations are backed only by the FHLBanks’ financial resources—not by the U.S. government—and that any FHLBank (including Boston) can be required by the Federal Housing Finance Agency to repay obligations for which another FHLBank is the primary obligor.
• The filing also warns Schedule A may omit short-term discount notes and does not reflect related hedges (e.g., interest‑rate swaps), so readers should consult the Bank’s periodic reports for total consolidated obligations outstanding and additional context.