Federal Home Loan Bank of Boston 8-K

What Happened

• The Federal Home Loan Bank of Boston filed a Form 8‑K on February 19, 2026 reporting the creation/commitment of consolidated obligation bonds and notes (debt securities) for which it is the primary obligor. The schedule lists seven committed issues with trade dates of February 13 and February 17, 2026, totaling $530,000,000 at par.
• The issues include a mix of fixed-rate and variable-rate securities with maturities ranging from July 24, 2026 to March 2, 2033. Coupons on fixed issues include 4.00%, 4.13% and 4.30%; variable issues are floating based on SOFR (one at SOFR +1 bp and another at SOFR +2.5 bps).

Key Details

• Total par amount committed: $530,000,000 across seven consolidated obligations (trade dates 2/13/2026 and 2/17/2026).
• Largest single commitment: $250,000,000 variable single-index floater (SOFR +1 bp), maturity July 24, 2026 (non-callable).
• Other notable items: $200,000,000 variable floater (SOFR +2.5 bps) maturing October 19, 2026; fixed-rate notes include $30M (4.00%, 8/14/2030), $10M (4.13%, 2/26/2031), $20M (4.30%, 3/2/2033) and two additional $10M fixed issues.
• The filing reiterates that consolidated obligations are joint and several obligations of all 11 Federal Home Loan Banks, are backed only by FHLBanks’ resources (not the U.S. government), and that FHFA can require an FHLBank to repay obligations for which another FHLBank is the primary obligor.

Why It Matters

• For investors, this filing shows how the Bank raises wholesale funding: a mix of short- and long‑term fixed and SOFR‑based floating consolidated obligations. The joint-and-several credit structure means repayment exposure is shared across the 11 FHLBanks, not guaranteed by the federal government.
• The reported par amounts are at‑par commitments and may differ from amounts shown under GAAP (discounts, premiums, concessions). The schedule excludes discount notes with maturities ≤1 year issued in the ordinary course; total consolidated obligations outstanding for which the Bank is primary obligor will be reported in the Bank’s periodic SEC filings.