Federal Home Loan Bank of Boston Reports Issuance of $70M Consolidated Obligations

What Happened

• The Federal Home Loan Bank of Boston filed a Current Report on Form 8-K (Item 2.03) dated July 28, 2026, disclosing that it committed to issue consolidated obligation bonds (direct financial obligations) on trade dates July 23–24, 2026. The Bank is listed as the primary obligor on three issues totaling $70,000,000 in par value.
• The reported securities were sold through the FHLBanks' Office of Finance; 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).

Key Details

• Issue 1: CUSIP 3130BBPA7 — Trade Date 7/23/2026; Settlement 8/4/2026; Maturity 8/4/2033; Coupon 5.050%; American callable; Next call date 8/4/2028; Par $20,000,000.
• Issue 2: CUSIP 3130BBPB5 — Trade Date 7/23/2026; Settlement 8/6/2026; Maturity 8/6/2031; Coupon 4.625%; American callable; Next call date 8/6/2029; Par $25,000,000.
• Issue 3: CUSIP 3130BBPF6 — Trade Date 7/24/2026; Settlement 7/28/2026; Maturity 7/20/2028; Coupon 4.650%; Bermudan callable; Next call date 10/20/2026; Par $25,000,000.
• Total par amount reported on Schedule A: $70,000,000. Schedule A excludes short-term discount notes (≤1 year) and may not show all consolidated obligations outstanding.

Why It Matters

• For investors, this filing shows the Bank acting as a primary obligor on new debt issuances that increase its share of joint consolidated obligations of the FHLBanks. Because these obligations are joint and several, any FHLBank (including Boston) could be required by the Federal Housing Finance Agency to repay consolidated obligations for which another FHLBank is the primary obligor.
• The filing is informational and does not assess materiality of any single issuance. Investors should monitor the Bank’s periodic SEC filings for consolidated obligations outstanding and any potential impact on the Bank’s liabilities and liquidity.