Federal Home Loan Banks

A Dictionary of Business and Management | 2006 | 458 words | Copyright

Federal Home Loan Banks Twelve regional organizations in the USA that supply credit for savings and loans associations (the US equivalent of building societies) 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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