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Bank Announces 2011 Results, Declares Dividend, Approves Excess Stock Repurchase

The Federal Home Loan Bank of Boston announced its preliminary, unaudited fourth quarter and annual financial results for 2011, reporting net income of $64.7 million for the fourth quarter and $159.6 million for the year.

The Bank's board of directors also declared a dividend equal to an annual yield of 0.49 percent, the approximate daily average three-month LIBOR for the fourth quarter. The dividend, based on average stock outstanding for the fourth quarter of 2011, will be paid on March 2, 2012.

In addition, the board of directors also approved the repurchase of excess capital stock in a targeted amount of $250 million.

Read the press release.

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