F a concern for you?
The Federal Home Loan Bank of Boston is excluded
from the Regulation F requirement that you assess and limit
the credit risk in your correspondent relationships.
Where can I find
rates for the Bank's deposit programs?
Rates for the Bank's deposit programs are available in the rates
section of this Web site.
is interest credited to my IDEAL Way account, Rollover Overnight
account, and/or Custodial Mortgage Account?
The Bank credits interest on deposits on the first business
day of the month.
I wire directly into or out of my Rollover Overnight deposit account?
I invest in either the Daily Overnight or the Rollover Overnight
deposit and have indicated that the funds are coming in directly
by wire, can additional funds be included in that same wire?
No: Please send all additional funds by way of a separate
wire, making it clear which account the funds should be applied
is the Bank's position regarding overdrafts on a member's
IDEAL Way account?
The Bank strongly discourages members from overdrawing their
IDEAL Way account beyond the amount of their IDEAL Way line
of credit. These overdrafts present potential liquidity and
credit risks to the Bank. Therefore, each member should maintain
an IDEAL Way line of credit that is sufficient to cover anticipated
shortfalls in the collected balance of the member's IDEAL
Way account to avoid an overdraft. The Bank does not
charge members a fee to establish or maintain an IDEAL Way
line of credit.
The IDEAL Way line of credit is overdraft protection for
your account. The Products Policy notes that, "Members
that have obtained an IDEAL Way line of credit may overdraw
their IDEAL Way demand-deposit account and get an automatic
IDEAL Way advance to cover the overdraft. The Bank typically
approves an IDEAL Way line of credit equal to two percent
of a member's assets." Members are required to
pledge sufficient collateral to the Bank to secure their
IDEAL Way line of credit at all times, including at the time
that the line is established.
For additional information on establishing an IDEAL Way
line of credit, or increasing the size of your existing IDEAL
Way line of credit, please contact the Money Desk.