Federal Home Loan Bank of Boston Declares Dividend
BOSTON, May 16 /PRNewswire/ — The board of directors of the Federal
Home Loan Bank of Boston 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 of Boston 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
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Source: Real Estate Newswire