Federal Home Loan Bank System - FHLB
Also referred to as the "FHL Bank System".
Having served its original objectives well, the FHLB system now primarily focuses on increasing the amount of loanable funds available for affordable housing and community development projects. It continues to have a material impact on housing and development financing, offering funds to member institutions at rates that are usually lower than commercially competitive prices.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Federal Home Loan Bank System — noun the central credit system for thrift institutions • Hypernyms: ↑financial institution, ↑financial organization, ↑financial organisation • Member Meronyms: ↑Home Loan Bank … Useful english dictionary
Federal Home Loan Bank Board — The federal agency formerly charged with regulating federal savings and loan associations and the Federal Home Loan Bank system. Abolished in 1989, its functions are now performed by the Office of Thrift Supervision and the Federal Housing… … Black's law dictionary
Home Loan Bank System — A creation of the federal government for providing a reserve credit pool for member home finance institutions … Ballentine's law dictionary
Federal Home Loan Banks — Banks created under the Federal Home Loan Bank Act of 1932, for the purpose of keeping a permanent supply of money available for home financing. The banks are controlled by the Federal Housing Finance Board. Savings and loans, insurance companies … Black's law dictionary
Home Loan Bank Board — A federal agency directing the operations of the federal home loan bank system and the federal savings and loan insurance corporation. 12 USC § 1464(a) … Ballentine's law dictionary
Federal Home Loan Mortgage Corporation — A federal agency which purchases first mortgages (both conventional and federally insured) from members of the Federal Reserve System, and the Federal Home Loan Bank System. Commonly called Freddie Mac … Black's law dictionary
Home Loan Bank — noun one of 11 regional banks that monitor and make short term credit advances to thrift institutions in their region • Hypernyms: ↑depository financial institution, ↑bank, ↑banking concern, ↑banking company • Member Holonyms: ↑Federal Home Loan… … Useful english dictionary
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Federal Housing Finance Board — (FHFB ) US government agency chartered in 1989 to assume the responsibilities formerly held by the Federal Home Loan Bank system. Bloomberg Financial Dictionary … Financial and business terms
Bank of America Home Loans — Type Subsidiary of Bank of America Founded 1969 (Countrywide), February 2009 (Bank of America Home Loans) Headquarters Calabasas, CA, USA (Countrywide Financial) Cha … Wikipedia