Federal Home Loan Bank of Boston Reports Issuance of Consolidated Obligations

What Happened

• The Federal Home Loan Bank of Boston filed an 8‑K on August 25, 2026 reporting that it committed to issue three consolidated obligation bonds (trade dates August 19–21, 2026) with an aggregate par amount of $50,000,000. The filing was signed by George Maroun, Vice President and Treasurer.
• The three reported bond issues (par amounts, coupons, trade and settlement dates, and maturities) are:
  • $15,000,000 — 4.550% coupon; trade date 8/19/2026; settlement 8/24/2026; maturity 8/24/2029; Bermudan optional redemption; next call date 2/24/2027.
  • $25,000,000 — 4.625% coupon; trade date 8/20/2026; settlement 8/28/2026; maturity 8/28/2031; American optional redemption; next call date 8/28/2028.
  • $10,000,000 — 4.450% coupon; trade date 8/21/2026; settlement 8/28/2026; maturity 8/24/2028; Bermudan optional redemption; next call date 2/24/2027.

Key Details

• Total par amount reported: $50,000,000 (three consolidated obligation bonds).
• Coupons: 4.55%, 4.625%, 4.45%; maturities range from 2028 to 2031.
• Call features: optional principal redemption (Bermudan and American styles) with specified next call dates in 2027 and 2028.
• Consolidated obligations are joint and several obligations of all 11 Federal Home Loan Banks (FHLBanks) and are backed only by the FHLBanks’ financial resources — they are not U.S. government guaranteed.

Why It Matters

• These issuances are part of the Bank’s regular funding strategy: FHLBanks raise most funding by selling consolidated obligations in the capital markets through the Office of Finance. Retail investors should note that any consolidated obligation is a shared liability across all FHLBanks, which affects where repayment responsibility lies.
• The filing clarifies reporting scope: Schedule A lists committed consolidated obligation bonds (excluding discount notes with maturities of one year or less) and does not reflect associated derivatives or GAAP accounting adjustments. Total consolidated obligations for which the Bank is primary obligor will be reported in its periodic SEC filings.