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 2, 2007

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):

o    Written 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)

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

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

Item 7.01   Regulation FD Disclosure.

On October 2, 2007, the Federal Home Loan Bank of Boston (the Bank) issued a press release regarding increased borrowings by its members. A copy of the related press release is attached as Exhibit 99.1 to this Current Report on Form 8-K. The information being furnished pursuant to Item 7.01 of this Current Report on Form 8-K and the information contained in Exhibit 99.1 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01   Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number

99.1 Press Release, dated October 2, 2007, issued by the Bank.

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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 2, 2007	By:	/s/ Frank Nitkiewicz
		Frank Nitkiewicz Executive Vice President, Chief Financial Officer

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EX-99.1

Exhibit 99.1

NEWS RELEASE

FOR IMMEDIATE RELEASE	CONTACT: Mark S. Zelermyer
October 2, 2007	617-292-9750
	mark.zelermyer@fhlbboston.com

FEDERAL HOME LOAN BANK OF BOSTON INCREASES LOANS TO
MEMBERS BY APPROXIMATELY $13 BILLION IN SEPTEMBER

BOSTON — The Federal Home Loan Bank of Boston (the Bank) increased its advances outstanding to member financial institutions by approximately $13.1 billion during September 2007, as compared with $.8 billion in July and $3.4 billion in August. As of September 30, 2007, the Bank had a total of $56.2 billion in advances outstanding to members. This increase is due to a combination of market conditions as well as the consolidation of certain charters by a member.

All dollar amounts referenced are at par before SFAS 133 and other accounting adjustments and are unaudited.

“The Federal Home Loan Banks were created to supply reliable, low-cost funding to member financial institutions in all business cycles,” said Michael A. Jessee, the Bank’s president and chief executive officer. “This significant increase in advances demonstrates the important role we play as we help members serve their communities regardless of the economic environment.”

The Bank disclosed information about its recent advances activity following today’s statement by the Federal Home Loan Banks’ Office of Finance, which noted that as of September 30, 2007, advances outstanding for the Federal Home Loan Banks on a combined basis were $822 billion, up by $53 billion from August 31, 2007. This information is provided due to current market conditions, and neither the Bank nor the Office of Finance expects to update this information on a monthly basis.

The Federal Home Loan Bank of Boston (www.fhlbboston.com) is a cooperatively owned wholesale bank for 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