The Federal Home Loan Bank of Boston offers reliable, flexible, and cost effective wholesale
funding to members throughout New England.
Membership is open to regulated financial institutions (commercial banks, thrifts, credit unions, insurance companies, and CDFIs) headquartered in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.
Membership offers many benefits, including shared strength of our cooperative.
- Ready-access, reliable, and low-cost source of funds, regardless of
- Innovative asset-purchase programs
- Discounted funding for affordable-housing and economic-development
- Highly rated letters of credit
- Highly rated deposit products
- High quality correspondent services
- Dividends on capital stock
- Asset-liability management, offering strategies for matching/repricing,
and funding asset growth
- Operational liquidity, including short-term funding of normal business activities
- Operating leverage, providing a competitive alternative to GICs and other
funding agreements that can be used to support specific assets
- Contingent liquidity as a means to increase back-up liquidity and financial flexibility
A financial institution or insurance company may be eligible to join if:
The institution is duly organized under federal or state laws.
Subject to Inspection and Regulations
The institution is subject to inspection and regulation under the banking or insurance laws of any state or federal regulatory agency, or to certification by the CDFI Fund.
Long-Term Home-Mortgage Loans
The institution either purchases or originates long-term home-mortgage loans. A long-term home- mortgage loan is defined as a home-mortgage loan with a maturity of five years or more. This includes holding mortgage-backed securities.
The institution’s financial condition is such that advances may be safely made.
Management History and Home Financing Policy
The institution's management character and home financing policy are consistent with sound and economical home financing.
For depository institutions with assets greater than $1.108 billion, at least 10 percent of its total assets are in residential-mortgage loans or related assets. (This requirement is not applicable for insurance companies.)