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Bank Announces Third Quarter 2011 Results, Declares Dividend

The Federal Home Loan Bank of Boston announced its preliminary, unaudited third quarter financial results for 2011, reporting net income of $50.0 million for the quarter compared with net income of $41.3 million for the third quarter of 2010. The Bank expects to file its quarterly report with the Securities and Exchange Commission (the SEC) on Form 10-Q for the quarter ending September 30, 2011, next month.

The Bank's board of directors also declared a dividend equal to an annual yield of 0.30 percent, the approximate daily average three-month LIBOR yield for the third quarter. The dividend, based on average stock outstanding for the third quarter of 2011, will be paid on November 2, 2011.

Read the press release.

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