Federal Home Loan Bank of Boston Reports New Consolidated Obligation Issuances

What Happened
The Federal Home Loan Bank of Boston filed a Form 8-K (Sept. 8, 2026) under Item 2.03 to disclose commitments to issue consolidated obligation bonds. On trade dates Sept. 2–3, 2026 the Bank committed to three bond issuances for which it is the primary obligor, with a combined par amount of $65,000,000. The reported issues include fixed‑rate, callable bonds with maturities in 2028, 2032 and 2041 and coupons of 4.625%, 5.00% and 5.75%. The filing was signed by George Maroun, Vice President and Treasurer.

Key Details

• Total par amount committed: $65,000,000 (15,000,000; 25,000,000; 25,000,000).
• Issue specifics:
  • CUSIP 3130BC2T9 — Settlement 9/8/2026; Maturity 9/8/2028; Coupon 4.625%; Bermudan callable; next call 12/8/2026; $15,000,000.
  • CUSIP 3130BC3L5 — Settlement 9/14/2026; Maturity 9/14/2032; Coupon 5.00%; American callable; next call 9/14/2028; $25,000,000.
  • CUSIP 3130BC3Q4 — Settlement 9/11/2026; Maturity 9/11/2041; Coupon 5.75%; Bermudan callable; next call 9/11/2029; $25,000,000.
• Consolidated obligations are joint and several obligations of the 11 Federal Home Loan Banks and are backed only by FHLBanks’ financial resources (not guaranteed by the U.S. government).
• Schedule A omits short-term discount notes (≤1 year) and may not show changes in total outstanding consolidated obligations; total primary‑obligor balances are reported in periodic SEC filings.

Why It Matters
These entries reflect how the Bank raises funding via the FHLBanks’ consolidated obligations. Because consolidated obligations are a shared liability among all 11 FHLBanks and are not government‑guaranteed, these issuances affect the Bank’s funding profile and potential contingent obligations. Investors should note the maturities, fixed coupons, and call features, and consult the Bank’s periodic reports for the aggregate consolidated obligations outstanding for which the Bank is the primary obligor.