Federal Home Loan Bank System


Federal Home Loan Bank System
Federal Home Loan Bank System ( FHLB)
A U.S. government-sponsored enterprise. Twelve district banks and a Federal Housing Finance Board created by the U.S. government and owned by member financial institutions. The main purpose of the system is to provide loans to members for the accommodation of home lending. American Banker Glossary

Financial and business terms. 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 System - FHLB — An organization created by the Federal Home Loan Bank Act of 1932 to increase the amount of funds available for lending institutions who provide mortgages and similar loan agreements to individuals. This system was created in response to the… …   Investment 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

  • 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

  • Federal Home Loan Bank — (FHLB)  Government system created to provide credit to the savings and loan industry. In 1989 the FHLB was replaced by the Federal Housing Lending Board …   American business jargon

  • 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

  • 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