FHLBS


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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.

FHLBS

See Federal Home Loan Bank System.
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Implications of the FCS experience for the FHLBS are obvious.
That latter asset, which has been substantially modified by Gramm-Leach-Bliley, is the primary source of capital for each FHLBank and for the FHLBS as a whole.
Stock redemption As with the farm mortgage FCS, the nature of the equity issued by the home mortgage FHLBanks is problematic for both FHLBS capital regulations and in the capital regulations governing each of its members.
Financial Deja vu? The Farm Credit System's past woes could strike the Federal Home Loan Bank System. (Banking & Finance)

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