Federal Home Loan Banks

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Related to Federal Home Loan Bank: Federal Home Loan Mortgage Corporation

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The majority of funding for the Federal Home Loan Banks comes from the issuance of bonds known as consolidated obligations.
In 1984 alone, the Federal Home Loan Banks Board found "serious appraisal problems" in 359 S&Ls with property values boosted $1.8 billion over their actual worth.
Moreover, the boards of directors of the Federal Home Loan Banks will be reconstituted along the lines of Federal Reserve Bank boards.
The Federal Home Loan Bank of New York has consistently provided outstanding grant support for these projects as an additional capital source.
Federal Home Loan Bank of New York has announced that it has awarded USD 44.3 million in subsidies through its Affordable Housing Program to fund 49 affordable housing initiatives throughout New Jersey, New York, Puerto Rico, North Carolina, Ohio and Pennsylvania, the company said.
Federal Home Loan Bank of New York (FHLBNY) has announced its board of directors has re-elected Larry E.
The Federal Home Loan Bank of New York (FHLBNY) has announced it has elected five positions on its board of directors for positions with terms that commence January 1, 2019, the company said.
The Federal Home Loan Bank of New York (FHLBNY) has said that its board of directors has declared a dividend for the third quarter of 2018 of 6.90 percent (annualised).
Federal Home Loan Bank of Atlanta (FHLBank Atlanta) has said that its board of directors has declared a third quarter 2018 cash dividend at an annualised rate of 6.19 percent.
The Federal Home Loan Bank of New York (FHLBNY) has reported its unaudited financial results for the quarter ended September 30, 2018.
Federal Home Loan Bank of Dallas (FHLB Dallas) has announced it has made available a way for members to provide relief to homeowners impacted by disasters by making USD 500,000 available through the Disaster Rebuilding Assistance Program earlier this year, the company said.
Board of directors of The Federal Home Loan Bank of New York (FHLBNY) has approved a dividend for the first quarter of 2018 of 6.50% (annualized), the company said.

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