Published:
Federal Home Loan Bank of Boston Declares Dividend
BOSTON, May 16 /PRNewswire/ -- The board of directors of the Federal Home
Loan Bank ofBoston declared a second quarter dividend rate with an equivalent
annual yield of 4.0 percent. The dividend, based on average stock outstanding
for the first quarter, will be paid on June 3, 2008.
The Federal Home Loan Bank ofBoston is a cooperatively owned wholesale
bank for housing finance in the six New England states. Its mission is to
support the residential-mortgage and community-development lending activities
of its members, which include over 450 financial institutions across New
England. To accomplish its mission, the Bank utilizes private-sector capital
to provide members and other qualified customers with reliable access to low-
cost wholesale funds, liquidity, a competitive outlet for the sale of loans,
special lending programs, technical assistance, and other products and
services.
CONTACT: Mark S. Zelermyer
617-292-9750
mark.zelermyer@fhlbboston.com
SOURCE The Federal Home Loan Bank ofBoston
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Copyright © 2008, NewsBlaze,
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