Dear Readers,

Welcome to the new online Results magazine. We are proud to bring you our magazine in a user-friendly digital format, featuring content that we believe you will find informative, powerful, and useful. Our online magazine is designed to offer shorter articles that are easy to digest as well as richer images and graphics to tell the many compelling stories of our organization, members, and community partners.

If you have any ideas for topics to cover, please don’t hesitate to contact us at We welcome your ideas and feedback.

We hope you enjoy this issue of Results as much as we enjoyed putting it together for you!


Edward A. Hjerpe III
President & Chief Executive Officer
Federal Home Loan Bank of Boston

How long will the U.S. economic expansion continue?
Less than one year
One to two years
Three to five years
More than five years

A Step Up

New transitional housing in Fall River, Mass., is providing hope for homeless individuals.

Member Spotlight

Results spoke to Passumpsic Savings Bank’s president about the unique challenges and industry trends affecting the Vermont bank.

MPF® Program Turns 20!

The Mortgage Partnership Finance (MPF®) Program celebrates its 20th anniversary. View some fun facts about MPF at FHLB Boston.


Liquidity Risk Management

Learn how your institution’s borrowing capacity can change.

Take a look at some photos from groundbreakings, ribbon cuttings, and other events involving FHLB Boston, member financial institutions, and our community partners.

Helping to Rebuild

The Federal Home Loan Banks established disaster relief funds to support the people and communities affected by the hurricanes that struck in August and September. The funds benefit the following organizations: American Red Cross, Americares, Direct Relief, United Way of Greater Houston, Houston Food Bank, Food Bank of Corpus Christi, Coastal Bend Community Foundation, All Hands Volunteers, Operation USA, Salvation Army, United Way Puerto Rico, and Virgin Islands Community Foundation’s Hurricane Relief Fund.

$2 Million
Allocated for Disaster Relief Funds
Number of Organizations Receiving Funds
Total FHLB Boston Donation