Economic Definition of Federal Home Loan Bank. Defined.
Offline Version: PDF
Term Federal Home Loan Bank Definition: This was originally the federal government entity responsible for chartering and regulating savings and loan associations. However, it has evolved into a group of 12 privately owned, government regulated banks that promote community develop and home ownership by providing funds to lending agencies (that is, banks) that are used for home mortgage loans.
« federal funds rate | Federal Insurance Contributions Act »
Permalink: https://glossary.econguru.com/economic-term/Federal+Home+Loan+Bank