Products and Solutions Guide - Federal Home Loan Bank of Boston

Appendix E – Borrowing DocumentationBorrowing DocumentationDepository Institution MembersAll depository institution members are required to executethe Agreement for Advances, Collateral Pledge, and SecurityAgreement (Advances Agreement), which establishes theBank’s lien on all eligible member assets to secure allextensions of credit.Insurance Company MembersAs an alternative to executing our standard AdvancesAgreement, insurance company members may execute theAgreement for Advances, Collateral Pledge, and SecurityAgreement for Insurance Company Members, whichestablishes a specific lien on assets pledged to us to secureall advances made to the member by the Bank. Because oflaws and regulations in their particular states, certaininsurance companies may be required to execute specialAdvances Agreements designed for members in thosestates. Connecticut insurance company members requiresuch special Advances Agreements.Non-Depository Community Development FinancialInstitution MembersAs an alternative to executing our standard AdvancesAgreement, non-depository community developmentfinancial institution members may execute the Agreement forAdvances, Collateral Pledge, and Security Agreement forNon-Depository Community Development Financial InstitutionMembers, which establishes a specific lien on assetspledged to us to secure all advances made to the memberby the Bank.All MembersAll members must file an anti-predatory lending statementwith the Bank as a requirement for borrowing.Other DocumentationThe Bank reserves the right to require, in its sole discretion,additional documentation, including, without limitation,agreements, resolutions, certifications, legal opinions, andapplications, as a pre-condition to any member obtainingan extension of credit from the Bank.Appendix EMain Telephone: 617-292-9600 • Customer Service: 1-800-358-9709 • Money Desk: 1-800-357-3452 • Relationship Managers, MPF, and Housing & Community Investment: 1-888-424-3863 62