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Bank Announces Second Quarter 2012 Results, Declares Dividend

The Federal Home Loan Bank of Boston announced its preliminary, unaudited second quarter financial results for 2012, reporting net income of $56.0 million for the quarter compared with net income of $21.8 million for the second quarter of 2011. The Bank expects to file its quarterly report with the Securities and Exchange Commission on Form 10-Q for the quarter ending June 30, 2012, next month.

The Bank's board of directors also declared a dividend equal to an annual yield of 0.52 percent, the approximate daily average three-month LIBOR yield for the second quarter plus five basis points. The dividend, based on average stock outstanding for the second quarter of 2012, will be paid on August 2, 2012.

Read the press release.

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