8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 18, 2006

FEDERAL HOME LOAN BANK OF BOSTON

(Exact name of registrant as specified in its charter)

Federally chartered corporation	000-51402	04-6002575
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

111 Huntington Avenue
Boston, MA 02199
(Address of principal executive offices, including zip code)

(617) 292-9600
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

The Federal Home Loan Bank of Boston (the Bank) received notice on October 18, 2006, from Michael Edwards regarding his intention to accept an appointment to the board of directors of the Bank, effective January 1, 2007, and expiring on December 31, 2009. Board committee appointments were not designated at this time.

Mr. Edwards is group executive vice president and treasurer of Citizens Bank of Rhode Island. He also serves as group executive vice president and treasurer of Citizens Financial Group, Inc., the holding company of Citizens Bank.

The Bank’s regulator, the Federal Housing Finance Board (Finance Board), redesignated a Connecticut directorship to Rhode Island effective January 1, 2007. Under section 951.7 of Finance Board regulations, the Finance Board may eliminate any stock directorship or redesignate it to represent members in another state. As part of its annual designation, the Finance Board redesignated one of the two existing Connecticut seats, creating a second Rhode Island seat in response to an increase in the proportionate shareholdings of the Bank’s Rhode Island members. A redesignated directorship must be filled through an appointment by the Bank’s board of directors. The appointment of Mr. Edwards fills the second Rhode Island directorship.

Item 9.01 Financial Statements and Exhibits

     (d) Exhibits

           Exhibit Number

           99.1 Press Release, dated October 23, 2006, issued by the Bank.

Signature(s)

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Federal Home Loan Bank of Boston
Date:  October 23, 2006	By:	/s/ Earl W. Baucom
		Earl W. Baucom First Vice President and Chief Accounting Officer

EX-99.1

Exhibit 99.1

	NEWS RELEASE
FOR IMMEDIATE RELEASE	CONTACT: Mark S. Zelermyer
October 23, 2006	617-292-9750
	mark.zelermyer@fhlbboston.com

MICHAEL EDWARDS TO JOIN
FEDERAL HOME LOAN BANK OF BOSTON BOARD OF DIRECTORS

BOSTON — The Federal Home Loan Bank of Boston (the Bank) is pleased to announce the appointment of Michael Edwards, group executive vice president and treasurer of Citizens Bank of Rhode Island and Citizens Financial Group, Inc., to the Bank’s board of directors. Mr. Edwards’ term will commence on January 1, 2007, and expire on December 31, 2009. Mr. Edwards notified the Bank of his acceptance of the appointment on October 18, 2006.

The Bank’s regulator, the Federal Housing Finance Board (Finance Board), redesignated a Connecticut directorship to Rhode Island effective January 1, 2007.  Under section 951.7 of Finance Board regulations, the Finance Board may eliminate any stock directorship or redesignate it to represent members in another state. As part of its annual designation, the Finance Board redesignated one of the two existing Connecticut seats, creating a second Rhode Island seat in response to an increase in proportionate shareholdings of the Bank’s Rhode Island members. A redesignated directorship must be filled through an appointment by the Bank’s board of directors. The appointment of Mr. Edwards fills the second Rhode Island directorship.

Mr. Edwards is a member of Providence Public Library’s investment committee and corporation; Brown Sports Foundation; Brown Hockey Association; the Kennebunkport Conservation Trust; and the Board of Trustees of Northwood School, Lake Placid, New York.

The Federal Home Loan Bank of Boston (www.fhlbboston.com) is a cooperatively owned wholesale bank for housing finance in the six New England states. Its mission is to support the residential-mortgage and community-development lending activities of its members, which include over 460 financial institutions across New England. To accomplish its mission, the Bank utilizes private-sector capital to provide members and other qualified customers with reliable access to low-cost wholesale funds, liquidity, a competitive outlet for the sale of loans, special lending programs, technical assistance, and other products and services.

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Federal Home Loan Bank of Boston    |    111 Huntington Avenue    |    Boston, MA 02199    |    617-292-9600    |    FAX: 617-292-9645

www.fhlbboston.com