Exhibit 99.1
NEWS RELEASE
FOR IMMEDIATE RELEASE | CONTACT: Mark S. Zelermyer |
November 17, 2006 | 617-292-9750 |
| mark.zelermyer@fhlbboston.com |
FEDERAL HOME LOAN BANK OF BOSTON ANNOUNCES
QUARTERLY DIVIDEND
BOSTON — The Board of Directors of the Federal Home Loan Bank of Boston today declared a quarterly dividend rate with an equivalent annual yield of 5.75 percent.
The Federal Home Loan Bank of Boston (www.fhlbboston.com) 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 460 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.
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