Federal Home Loan Bank of Boston Reports Consolidated Obligation Issuances

What Happened

• The Federal Home Loan Bank of Boston filed a Form 8‑K on September 10, 2026, reporting that on September 8, 2026 it committed to issue three consolidated obligation bonds (total par $45,000,000).
• These consolidated obligations are joint and several obligations of the 11 Federal Home Loan Banks and are sold through the FHLBanks' Office of Finance; they are backed by FHLBank financial resources and are not guaranteed by the U.S. government.

Key Details

• Trade date: September 8, 2026; total par amount: $45,000,000 (three bonds: $10M, $10M, $25M).
• Securities and terms:
  • CUSIP 3130BC4S9 — Settlement 9/11/2026, Maturity 9/11/2029, Coupon 4.800%, next call 3/11/2027 (Bermudan optional call), par $10,000,000.
  • CUSIP 3130BC4V2 — Settlement 9/18/2026, Maturity 9/18/2031, Coupon 4.830%, next call 9/18/2028 (Bermudan), par $10,000,000.
  • CUSIP 3130BC4U4 — Settlement 9/15/2026, Maturity 9/15/2031, Coupon 4.900%, next call 3/15/2028 (Bermudan), par $25,000,000.
• Disclosure notes: Schedule A excludes short-term discount notes (≤1 year) in ordinary course; the Bank may change how it reports such issuances and may enter related hedges not shown in Schedule A.

Why It Matters

• These issuances increase the Bank’s share of consolidated obligations for which it is the primary obligor and represent new long-term debt funding at fixed coupons (4.80%–4.90%).
• Because consolidated obligations are joint obligations of all FHLBanks and are not U.S. government-guaranteed, investors should view these bonds as supported by the collective financial resources of the FHLBanks rather than a federal guarantee.
• The filing provides specific issuance terms (amounts, maturities, coupons, call features) that investors and analysts can use to assess the Bank’s funding mix and interest-rate exposure.