Federal Home Loan Bank of Boston Issues Consolidated Obligation Bonds

What Happened

• The Federal Home Loan Bank of Boston filed a Form 8‑K on September 17, 2026, reporting that it committed to issue consolidated obligation bonds (debt sold through the FHLBanks' Office of Finance) for which it is the primary obligor. Consolidated obligations are joint and several obligations of the 11 Federal Home Loan Banks and are not guaranteed by the U.S. government. The report was signed by George Maroun, Vice President and Treasurer.

Key Details

• Total par amount committed on Schedule A: $50,000,000 (three bond issues).
  • CUSIP 3130BCAT0 — Trade Date 9/14/2026; Settlement 9/24/2026; Maturity 9/24/2031; Coupon 5.320%; Par $15,000,000; Bermudan callable (next call 9/24/2027).
  • CUSIP 3130AXCY2 — Trade Date 9/14/2026; Settlement 9/16/2026; Maturity 9/9/2033; Coupon 4.875%; Par $25,000,000; Non‑callable.
  • CUSIP 3130BCBA0 — Trade Date 9/15/2026; Settlement 9/24/2026; Maturity 9/18/2028; Coupon 5.000%; Par $10,000,000; Bermudan callable (next call 12/18/2026).
• The filing notes these entries exclude short‑term discount notes with maturities of one year or less and that par amounts are shown at face value (may differ from GAAP reporting).

Why It Matters

• For investors, this filing shows the Bank’s planned debt issuance activity and the specific securities for which it will be primarily responsible. Because consolidated obligations are jointly and severally backed by all FHLBanks (not the U.S. government), holders rely on the combined financial resources of the FHLBanks. The amounts, maturities, coupon rates and call features listed can affect interest expense, funding mix, and the Bank’s exposure to market interest‑rate movements.