Federal Home Loan Banks

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Federal Home Loan Banks

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.

Federal Home Loan Bank System

A system of 12 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 Banks (FHLBanks)

The largest source of residential mortgage and community development credit in the United States. This group consists of a regional cooperative of 12 FHLBanks, each with its own president and board of directors. Its primary business consists of FHLBank Advances, which are low-cost loans made to member institutions.This gives those members the liquidity to make mortgage loans.The FHLBanks (www.fhlbanks.com) regenerate their own liquidity by selling debt consisting of consolidated bonds with maturities of one year or more, and consolidated discount notes which mature within 360 days.

References in periodicals archive ?
The Federal Home Loan Bank of San Francisco delivers low-cost funding and other services that help member financial institutions make home mortgage loans to people of all income levels and provide credit that supports neighborhoods and communities.
The Federal Home Loan Bank of San Francisco delivers low-cost funding and other services that help member financial institutions make home mortgages to people of all income levels and provide credit that supports neighborhoods and communities.
The Federal Home Loan Bank of San Francisco is working with community organizations to provide homeowners with the counseling and information they need to help them keep their homes.
About the Federal Home Loan Bank of San Francisco The Federal Home Loan Bank of San Francisco delivers low-cost funding and other services that help member financial institutions make home mortgages to people of all income levels and provide credit that supports neighborhoods and communities.
I applaud the Federal Home Loan Bank of San Francisco and NID Housing Counseling Agency and thank my fellow elected officials for joining me in supporting this event," he said.
In turn, the Federal Home Loan Bank of San Francisco will lend the proceeds of the bond sale to local financial institutions to promote mortgage and commercial lending that benefits low- and moderate-income households and neighborhoods in areas identified by FEMA as having been affected by the earthquake.
Subject to the terms of its agreements with IndyMac Bank, the Federal Home Loan Bank of San Francisco will work with the FDIC in its administration of the assets and liabilities of the new institution.
Syphax and appointed Kevin Girard Murray to the Federal Home Loan Bank of San Francisco Board of Directors.
SAN FRANCISCO -- The Board of Directors of the Federal Home Loan Bank of San Francisco has appointed Lisa MacMillen as Executive Vice President and Chief Operating Officer, effective October 15, 2007.
SAN FRANCISCO -- The Federal Home Loan Bank of San Francisco today announced $450,000 in 2007 Access to Housing and Economic Assistance for Development (AHEAD) Program grants, $225,000 more than in 2006.
SAN FRANCISCO -- The Federal Home Loan Bank of San Francisco is seeking well-qualified candidates to recommend to the Federal Housing Finance Board for appointment to the Bank's Board of Directors.
SAN FRANCISCO -- The Federal Home Loan Bank of San Francisco announced January 31, 2007, that the 11th District Monthly Weighted Average Cost of Funds Index ("COFI") for December 2006 is 4.

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