October 29, 2015
The Federal Home Loan Bank of Boston announced its preliminary, unaudited third quarter results for 2015, reporting quarterly net income of $30.5 million, compared with net income of $47.9 million for the third quarter of 2014. The Bank expects to file its quarterly report with the Securities and Exchange Commission on Form 10-Q for the quarter ending September 30, 2015, next month.
The Bank's board of directors also declared a dividend equal to an annual yield of 3.32 percent, the approximate daily average three-month LIBOR yield for the third quarter of 2015 plus 300 basis points. The dividend, based on average stock outstanding for the third quarter of 2015, will be paid on November 3, 2015. In addition, on October 1, 2015, in accordance with the Excess Stock Management Program that was announced in our prior quarterly earnings release on July 29, 2015, the Bank repurchased $310.2 million of stock held by members in excess of their total stock investment requirement.
Read the press release .