Definitions for "FEDERAL HOME LOAN BANK SYSTEM"
Regulates the nation's savings and loan associations, much like the Federal Reserve governs the commercial banking industry. Federal Home Loan Bank System Website
the central credit system for thrift institutions
A federally created banking system intended to assure liquidity to qualified thrift lenders, twelve regional Federal Home Loan Banks are directed since 1932 by the Federal Home Loan Bank Board (FHLBB). The regulatory functions went to the Office of Thrift Supervision, which was established to replace the Federal Home Loan Bank Board as part of the Financial Institutions Reform, Recovery and Enforcement Act of 1988 (FIRREA).
Keywords:  agencies, see
See: AGENCIES.