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Bank Announces First Quarter 2013 Results, Declares Dividend

The Federal Home Loan Bank of Boston announced its preliminary, unaudited first quarter financial results for 2013, reporting net income of $53.3 million for the quarter compared with net income of $46.8 million for the first quarter of 2012. The Bank expects to file its quarterly report with the Securities and Exchange Commission on Form 10-Q for the quarter ending March 31, 2013, next month.

The Bank's board of directors also declared a dividend equal to an annual yield of 0.40 percent, the approximate daily average three-month LIBOR yield for the first quarter of 2013 plus 10 basis points. The dividend, based on average stock outstanding for the first quarter of 2013, will be paid on May 2, 2013.

Read the press release.

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