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Federal Home Loan Bank System
(redirected from FHLB)

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Federal Home Loan Bank System
A system of twelve American banks whose purpose is to provide low-cost loans for mortgages, businesses, and urban and rural economic development. The FHLB is not publicly traded, but rather is owned by several thousand banks and other financial institutions. These institutions buy stock in the system in order to become eligible for subsidized loans, which they then make to high-risk customers. Established in 1932 during the Great Depression, the FHLB largely succeeded in its original purposes of putting people in affordable homes. However, in the late 2000s, the FHLB began to have cash flow problems due in part to overexposure to the housing bubble and became the largest borrower from the United States government.
Federal Home Loan Bank System (FHLBS)
A government-sponsored enterprise established in 1932 to improve the supply of funds to lenders, including credit unions, thrifts, banks, and insurance companies that finance loans for home mortgages. With an AAA credit rating the system is able to borrow funds at relatively low cost and pass the savings through to borrowers in the housing market.
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FHLB has awarded Centris Federal Credit Union a $25,000 grant for Habitat for Humanity of Omaha.
Centris gets big grant by Credit Union Times
In addition, if a bank with an FHLB advance goes under, the FHLB is at the head of the line to get repaid, so it has little reason to lend cautiously.
TOO MUCH LIKE FANNIE AND FREDDIE? by Peter Coy / BusinessWeek
sought to determine whether FHLB membership and advances could cause banks to take greater risk.
UA study: FHLB members have higher risk profiles by Arkansas Business
 
 
 
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