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 ?
th] anniversary of the Affordable Housing Program (#AHP25) but, with these awards, the Federal Home Loan Bank of Chicago has now invested in more than 100,000 housing units.
We believe that it is fully appropriate to confine the benefits of thrift status, involving both access to subsidized long-term borrowing from Federal Home Loan Banks and tax benefits, to only those institutions that devote a major part of their assets to promoting homeownership.
In a period when many local communities are struggling against high unemployment and a weak economy, Federal Home Loan Banks continue to serve as an essential component of the financial system by keeping capital and credit flowing to where it's needed most," said John von Seggern, president and CEO of the Council of Federal Home Loan Banks, a Washington-based trade association.
The 2014 AHP awards will assist in the acquisition, rehabilitation, and new construction of nearly 1,700 affordable housing units," said Suzi Thackston, Community Investment Officer, Federal Home Loan Bank of Chicago.
These institutions are the member-owners who make the Federal Home Loan Banks an engine for economic stability.
The Federal Home Loan Banks are a system of regional banks from which local lending institutions in the U.
Since 1990, the Federal Home Loan Bank of Chicago has taken great pleasure in awarding more than $242 million in competitive AHP grants and more than $68 million in DPP funds that have helped provide housing for families whose incomes are 80% or less of the area median income.
Such factors may include, but are not limited to, demand for advances, business and capital plan adjustments and amendments, changes in the bank's management and Board of Directors, regulatory actions or approvals, competitive pressure from other Federal Home Loan Banks and alternative funding sources, accounting adjustments or requirements, interest-rate volatility, the bank's ability to maintain adequate capital levels, changes in projected business volumes, our ability to appropriately manage our cost of funds, changes in our membership profile or the withdrawal of one or more large members, the cost-effectiveness of our funding, hedging and asset-liability management activities, shifts in demand for our products and consolidated obligations, and general economic conditions.
We are delighted to be accepted as a Federal Home Loan Bank of Boston member," Skala said.
Levin, chairman of the board of directors of the Federal Home Loan Bank of New York (FHLBNY) announced today the election of Alfred A.
SEATTLE -- The Board of Directors of the Federal Home Loan Bank of Seattle (Seattle Bank) has declared a cash dividend of $2.

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