The Federal Home Loan Bank of Boston is a cooperatively owned wholesale bank for housing finance in the six New England states. It supports the residential-mortgage and community-development lending activities of its members, which include more than 460 financial institutions across New England. The bank utilizes private-sector capital to provide members and other qualified customers with access to low-cost wholesale funds, liquidity, an outlet for the sale of loans, special lending programs, technical assistance, and other products and services. Membership in the Federal Home Loan Bank of Boston offers credit products, asset-purchase programs, funding for affordable-housing and economic-development initiatives, letters of credit, deposit products, correspondent services and stock dividends. Only regulated financial institutions, including savings banks, savings and loan associations, cooperative banks, commercial banks, credit unions and insurance companies that are headquartered in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont may apply for membership.
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