Federal Home Loan Banks
- Twelve regional organizations in the USA that supply credit for savings and loan associations (the US equivalent of building society) and other organizations providing domestic mortgages. They are independent organizations but since 1989 they have been supervised by a five-member Federal Housing Finance Board. The same legislation made it a duty for district banks to provide cheap mortgage finance for borrowers on low incomes.
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Federal Home Loan Banks — Federal Home Loan Banks кооператив, состоящий из 12 региональных ипотечных банков США. Деятельность Представлен в Атланте, Бостоне, Чикаго, Цинциннати, Далласе, Айове, Индианаполисе, Нью Йорке, Питсбурге, Сан Франциско, Сиэтле и Канзасе.… … Википедия
Federal Home Loan Banks — The Federal Home Loan Banks provide stable, on demand, low cost funding to American financial institutions for home mortgage loans, small business, rural, agricultural, and economic development lending. With their members, the FHLBank System… … Wikipedia
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. The New York Times Financial Glossary The… … Financial and business terms
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 — /ˌfed(ə)rəl həυm ləυn bæŋks/ plural noun US a group of twelve banks which lend to savings and loans associations, and to other institutions which lend money to homeowners against mortgages … Dictionary of banking and finance
Federal Home Loan Bank — 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 a vis member commercial banks. Bloomberg Financial Dictionary … Financial and business terms
Federal Home Loan Mortgage Corporation — FHLMC A corporation established in the USA in 1970 to buy mortgages from savings and loan associations in order to resell them in the secondary market packaged as securities. The stock of the corporation is held by the Federal Home Loan Banks The … Big dictionary of business and management
Federal Home Loan Mortgage Corporation — ( FHLMC) A U.S. government sponsored enterprise. FHLMC is owned by member financial institutions and is not an agency of the U.S. government. It provides financial products and services in the mortgage market that enhance liquidity. Informally… … Financial and business terms
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 … Financial and business terms
Federal Home Loan Bank Act — An act passed by the Hoover administration in 1932 that was designed to encourage home ownership by providing a source of low cost funds for member banks to extend mortgage loans. The Federal Home Loan Bank Act was the first in a series of bills… … Investment dictionary