Federal Home Loan Banks

(redirected from Federal Home Loan Bank of San Francisco)
Also found in: Acronyms.

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 11th District of the Federal Home Loan Bank of San Francisco is made up of Arizona, California, and Nevada.
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.
SAN FRANCISCO: The Federal Home Loan Bank of San Francisco announced that the San Francisco Bay Area has received $13.2 million in Affordable Housing Program (AHP) grants.
Phoenix mayor Stanton joins Federal Home Loan Bank of San Francisco in announcing the Phoenix region is participating in its Quality Job Growth and Business Expansion Financing initiative, the company said.
The Federal Home Loan Bank of San Francisco has announced that it has settled RMBS claims against banks.
It was announced by the Federal Home Loan Bank of San Francisco and Congressman French Hill (AR-2).
Federal Home Loan Bank of San Francisco has created quality job growth and business expansion financing initiative to create jobs in underserved communities in the bank's three-state district of Arizona, California and Nevada, the company said.
The Federal Home Loan Bank of San Francisco (FHLB) has said that its president and chief executive Dean Schultz will retire after April 30, 2015 after a successor is appointed, Reuters has reported.
LOS ANGELES: The Federal Home Loan Bank of San Francisco announced that Los Angeles has received $10.5 million in Affordable Housing Program (AHP) grants.
The company realised USD409,000 in gains from the sale of loans in 2015; increases in service charges for 2015; Federal Home Loan Bank of San Francisco dividends contributed to the increase in the other category and resulted from increased cash dividends paid.
The Federal Home Loan Bank of San Francisco said it intends to make USD44.7 million in grants in 2015 in celebration of the 25th year of its Affordable Housing Program (AHP).
The Federal Home Loan Bank of San Francisco has reported that its net income for 2011 was USD216m, compared with net income of USD399m for 2010.

Full browser ?