Federal Home Loan Bank Of Boston
Business Description
The Federal Home Loan Bank of Boston is a federally chartered corporation organized
by the U.S. Congress (Congress) in 1932 pursuant to the Federal Home Loan Bank
Act of 1932 (as amended, the FHLBank Act) and is a government-sponsored enterprise
(GSE). Unless otherwise indicated or unless the context requires otherwise, or
similar references mean the Federal Home Loan Bank of Boston. Our primary regulator
is the Federal Housing Finance Agency (the FHFA).
We are privately capitalized, and our mission is to provide highly reliable
wholesale funding, liquidity, and a competitive return on investment to our
members. We develop and deliver competitively priced financial products, services,
and expertise that support housing finance, community development, and economic
growth, including programs targeted to lower-income households. We serve the
residential-mortgage and community-development lending activities of our members
and certain nonmember institutions (referred to as housing associates) located
in our district. Our district is comprised of Connecticut, Maine, Massachusetts,
New Hampshire, Rhode Island, and Vermont. There are 11 district Federal Home
Loan Banks (the FHLBanks or the FHLBank System) located across the United States
(the U.S.), each supporting the lending activities of its members within their
districts. Each FHLBank is a separate entity with its own board of directors,
management, and employees.
|