Privately capitalized, government-sponsored enterprises created in 1932 to improve the supply of finds to local lenders that, in turn, finance loans for home mortgages.
A credit reserve system that oversees and makes loans to savings and loans, cooperatives banks, and other mortgage lenders.
A government agency operated as a credit reserve system for savings-related institutions in the U.S. and supervised by the Federal Home Loan Bank Board.
Government sponsored wholesale banks (currently 12 regional banks) that lend funds and provide correspondent banking services to member commercial banks, thrift institutions, credit unions and insurance companies. The mission of the FHLBs is to liquefy the housing related assets of its member who must purchase stock in their district Bank.
Banks created under the Federal Home Loan Bank act of l932 in order to keep a permanent supply of money available for home financing.
Operate as a credit reserve system for savings-related institutions in the U.S. They are supervised by the Federal Home Bank Board.
The institutions that regulate and lend to savings and loan associations. The Federal Home Loan Banks play a role analogous to that played by the Federal Reserve Banks vis-à-vis member commercial banks.
A system of 11 regional banks established by the Home Loan Bank Act of 1932 in order to keep a permanent supply of money avaiable for home financing.
The Federal Home Loan Banks provide stable, low-cost funds to American financial institutions for home mortgage, small business, rural and agricultural loans. With their members, the FHLBanks represent the largest source of home mortgage and community credit.
