Federal Home Loan Bank of Boston 8-K

What Happened
The Federal Home Loan Bank of Boston (the Bank) filed an 8‑K on January 23, 2026, reporting that the FHLBanks’ Office of Finance committed consolidated obligations for which the Bank is the primary obligor. The Schedule A in the filing shows consolidated obligations (bonds and discount notes) with a total par amount of $540,000,000, from trade dates January 16 and January 21, 2026, with settlements between January 20 and February 3, 2026.

Key Details

• Total par amount committed: $540,000,000 (sum of five consolidated obligations reported).
• Notable issues (par / type / maturity / coupon or spread):
  • $250,000,000 — SOFR-based single-index floater (SOFR + 0.5 bps), non-callable, trade date 1/16/2026, settlement 1/20/2026, mat. 8/20/2026.
  • $10,000,000 — European-call fixed bond, trade date 1/16/2026, settlement 1/30/2026, mat. 1/30/2034, coupon 4.125%.
  • $250,000,000 — SOFR-based single-index floater, non-callable, trade date 1/21/2026, settlement 1/23/2026, mat. 7/23/2026.
  • $25,000,000 — American-call fixed bond, trade date 1/21/2026, settlement 2/3/2026, mat. 2/3/2038, coupon 5.10%.
  • $5,000,000 — Bermudan-call fixed bond, trade date 1/21/2026, settlement 1/23/2026, mat. 7/23/2027, coupon ~3.6304%.
• The filing notes consolidated obligations are joint and several obligations of all 11 FHLBanks, are backed only by FHLBanks’ financial resources (not the U.S. government), and the FHFA can require any FHLBank to repay obligations for which another FHLBank is the primary obligor.
• Par amounts are shown at par and may differ from GAAP amounts (do not reflect discounts/premiums). Short-term discount notes with maturity ≤1 year may be excluded from Schedule A.

Why It Matters
This 8‑K informs investors that the Bank (as primary obligor on the listed issues) has committed material consolidated debt issuances totaling $540M across short-term SOFR floaters and longer-term fixed-rate bonds. Because consolidated obligations are jointly guaranteed by all FHLBanks and are not U.S. government obligations, these issuances affect the Bank’s funding profile and the collective obligation of the FHLBank system — important context for investors tracking the Bank’s liabilities and market funding activity.