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FEDERAL HOME LOAN BANK OF BOSTON FILES (8-K) Disclosing Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

July 22, 2014

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The Federal Home Loan Bank of Boston (the Bank) obtains most of its funds from the sale of debt securities, known as consolidated obligations, in the capital markets. Consolidated obligations, which consist of bonds and discount notes, are by regulation the joint and several obligations of the 12 Federal Home Loan Banks (the FHLBanks). Consolidated obligations are sold to the public through the FHLBanks' Office of Finance using authorized securities dealers. The FHLBanks are regulated by the Federal Housing Finance Agency (the Finance Agency) and the Finance Agency regulations authorize the Finance Agency to require any FHLBank also to repay all or any portion of the principal of or interest on any or all consolidated obligations for which any other FHLBank is the primary obligor. In other words, the Bank is jointly and severally liable with the other FHLBanks for any and all payments due on all of the consolidated obligations issued by the FHLBanks, regardless of whether the Bank receives all or any portion of the proceeds from any particular issuance. Information regarding historical, current, and future issuances of consolidated obligations by the FHLBanks may be obtained from the Office of Finance (http://www.fhlb-of.com). Further, consolidated obligations are backed only by the financial resources of the FHLBanks and are not guaranteed by the United States government. Schedule A sets forth all consolidated obligation bonds and discount notes committed to be issued by the FHLBanks, for which the Bank is the primary obligor, on the trade dates indicated, other than discount notes with a maturity of one year or less that are issued in the ordinary course of business. [Schedule A also includes any consolidated obligations with a remaining maturity in excess of one year, if any, for which we have assumed the primary repayment obligation from another FHLBank.] We may elect to change our method of reporting information on the issuance or assumption of consolidated obligations at any time. In reviewing the information in this Current Report on Form 8-K, please note: although certain aggregated issuances of consolidated obligations are



material to the Bank, we have not made a judgment as to the materiality of

any particular consolidated obligation or obligations; Schedule A does not address any interest-rate-exchange agreements (or other derivative instruments) that we may enter into as a result of our



asset and liability-management strategies and that may be associated,

directly or indirectly, with one or more of the reported consolidated

obligations; Schedule A will not enable a reader to track changes in the total



consolidated obligations outstanding for which we are the primary obligor

because Schedule A generally excludes consolidated obligation discount

notes with a maturity of one year or less and does not reflect whether the

proceeds from the issuance of the reported consolidated obligations will

be used to, among other things, replace called or maturing consolidated

obligations. We will report the total consolidated obligations outstanding

for which we are the primary obligor in our periodic reports filed with the Securities and Exchange Commission; and



the principal amounts reported on Schedule A represent the principal

amount of the reported consolidated obligations at par, which may not

correspond to the amounts reported in our financial statements prepared in

accordance with generally accepted accounting principles contained in our

periodic reports filed with the Securities and Exchange Commission, because the par amount does not account for, among other things, any discounts, premiums, or concessions.

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Schedule A RATE CALL TYPE/RATE NEXT STYLE SUB-TYPE CALL BANK PAR TRADE DATE CUSIP SETTLEMENT DATE MATURITY DATE NEXT PAY DATE CALL TYPE (1) (2) (3)(4) DATE COUPON PCT ($) Variable Single Index 7/16/2014 3130A2P59 7/25/2014 6/25/2015 8/25/2014 Non-Callable N/A Floater N/A * 250,000,000 Fixed 7/17/2014 313379DT3 7/21/2014 6/8/2018 12/8/2014 Non-Callable N/A Constant N/A 1.250 28,200,000 Fixed 7/17/2014 313379EE5 7/21/2014 6/14/2019 12/14/2014 Non-Callable N/A Constant N/A 1.625 18,500,000



_______________________________

* 1-month LIBOR -4.5 basis points

(1) Call Type Description:

Optional Principal Redemption bonds (callable bonds) may be redeemed by the Bank in whole or in part at its discretion on predetermined call dates, according to the terms of the bond. Indexed Amortizing Notes (indexed principal redemption



bonds) repay

principal based on a predetermined amortization schedule or formula that is linked to the level of a certain index, according to the terms of the bond. Scheduled Amortizing Notes repay principal based on a



predetermined

amortization schedule, according to the terms of the bond.



(2) Call Style Description: Indicates whether the consolidated obligation

is redeemable at the option of the Bank, and if so redeemable, the type

of redemption provision. The types of redemption provisions are: American - redeemable continuously on and after the first redemption date and until maturity. Bermudan - redeemable on specified recurring dates on and after the first redemption date, until maturity.



European - redeemable on a particular date only.

Canary - redeemable on specified recurring dates on and after the first redemption date until a specified date prior to maturity.



Multi-European - redeemable on particular dates only.

(3) Rate Type Description: Conversion bonds have coupons that convert from fixed to variable, or variable to fixed, or a mix of capped coupons and non-capped coupons, or from one variable type to another, or from one U.S. or other currency index to another, according to the terms of the bond. Fixed bonds generally pay interest at constant or stepped fixed rates over the life of the

-------------------------------------------------------------------------------- bond, according to the terms of the bond. Variable bonds may pay interest at different rates over the life of the bond, according to the terms of the bond.



(4) Rate Sub-Type Description:

Constant bonds generally pay interest at fixed rates over the life of the bond, according to the terms of the bond. Step Down bonds generally pay interest at decreasing fixed rates for specified intervals over the life of the bond, according to the terms of the bond. Step Up bonds generally pay interest at increasing fixed rates for specified intervals over the life of the bond, according to the terms of the bond. Step Up/Down bonds generally pay interest at various fixed rates for specified intervals over the life of the bond, according to the terms of the bond. Zero Coupon bonds earn a fixed yield to maturity or the optional principal redemption date, according to the terms of the bond, with principal and interest paid at maturity, or upon redemption to the extent exercised prior to maturity. Capped Floater bonds have an interest rate that cannot exceed a stated or calculated ceiling, according to the terms of the bond. Dual Index Floater bonds have an interest rate determined by two or more indices, according to the terms of the bond. Leveraged/Deleveraged bonds pay interest based on a formula that includes an expressed multiplier, according to the terms of the bond: multiplier > 1 = leveraged, multiplier < 1 = deleveraged. Inverse Floater bonds have an interest rate that increases as an index declines and decreases as an index rises, according to the terms of the bond. Stepped Floater bonds pay interest based on an increasing spread over an index, according to the terms of the bond. Range bonds may pay interest at different rates depending upon whether a specified index is inside or outside a specified range, according to the terms of the bond. Single Index Floater bonds pay interest at a rate that increases as an index rises and decreases as an index declines, according to the terms of the bond. Ratchet Floater bonds pay interest subject to increasing floors, according to the terms of the bond, such that subsequent coupons may not be lower than the previous coupon.

-------------------------------------------------------------------------------- Signature(s)



Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 22, 2014 Federal Home Loan Bank of Boston

By:/s/ Frank NitkiewiczFrank Nitkiewicz Executive Vice President and Chief Financial Officer


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