February 18, 2016
The Federal Home Loan Bank of Boston announced its preliminary, unaudited fourth quarter and annual financial results for 2015, reporting net income of $75.7 million for the quarter and $289.3 million for the year, the highest annual net income in the company's history, largely due to $184.9 million in litigation settlement income for the year. The Bank expects to file its annual report with the Securities and Exchange Commission on Form 10-K for the year ending December 31, 2015, next month.
The Bank's board of directors also declared a dividend equal to an annual yield of 3.42 percent, the approximate daily average three-month LIBOR yield for the fourth quarter of 2015 plus 300 basis points.
Read the press release .