Advertising

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- -vis member commercial banks.

• Abbreviated FHLB. Government sponsored wholesale banks (currently 12 regional banks) that lend funds and provide correspondent banking services to member commercial banks, thrift institutions, credit unions and insurance companies. The mission of the FHLBs is to liquefy the housing related assets of its members who must purchase stock in their district Bank.

• The institutions that regulate and lend to savings and loan associations. The Federal Home Loan Banks plays a role analogous to that played by the Federal Reserve Banks vis-a'-vis member commercial banks.

 
 

Follow this link for all the terms related to loan.

 
 Embedded terms in definition
 Assets
Commercial
Correspondent
Credit
Fhlb
Its
Lend
Member
Purchase
Reserve
Savings and loan association
Stock
 
 Related Terms
 

<< Federal funds rate Federal home loan mortgage corporation >>

Getting Your Finances Ready for Your Golden Years: If you're seriously considering retirement, you also should be seriously thinking about how to ensure that your financial life is as comfortable and stress-free as possible. Here are a few tips. More...

Weakness of attitude becomes weakness of character. - Albert Einstein

Advertising



Copyright 2009-2018 GVC. All rights reserved.