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 ?
Each year the Federal Home Loan Bank of Chicago allocates 10% of its earnings to affordable housing programs.
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.
The Office of Finance of the Federal Home Loan Banks today released financial highlights for the second quarter of 2011.
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.
He has served on the Board of the Federal Home Loan Bank of Dallas since 2002 and has served in the capacity of Chairman since January 1, 2007.
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.
Nearly 3,000 families and at least 50% of all affordable housing projects in Pima and Santa Cruz have benefited from low-cost loans made available through the Federal Home Loan Bank System.
We oppose the Federal Housing Finance Board's proposed rule on Excess Stock Restrictions and Retained Earnings Requirements for the Federal Home Loan Banks.
Each year the Federal Home Loan Bank of Chicago allocates a portion of its earnings to affordable housing programs.
SEATTLE -- The Federal Home Loan Bank of Seattle (Seattle Bank) today announced financial results for the third quarter of 2006 and the filing of its third quarter 2006 Form 10-Q with the Securities and Exchange Commission (SEC).
SEATTLE -- The Federal Home Loan Bank of Seattle (Seattle Bank) today announced the results of its election of 2007 directors representing Alaska, Hawaii, and Utah.

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