Definitions for "Federal Home Loan Banks"
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.