The Federal Home Loan Bank of Boston said Thursday that M. Susan Elliott has become its interim president and chief executive.

Elliott, a 28-year veteran of the bank, will remain an executive vice president and director of member services. She has held that position since 1994.

The challenges facing Elliott are steep: the Boston bank lost $73.2 million last year, as a result of $339.1 million of other-than-temporary impairment charges on private-label mortgage-backed securities.

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