Difference between revisions of "Federal Home Loan Banks"

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The banks operate a Community Investment Program (CIP), which is is designed to be a catalyst for economic development because it supports projects that create and preserve jobs and help build infrastructure to support growth. Lenders have used CIP to fund owner-occupied and rental housing, construct roads, bridges, retail stores, sewage treatment plants and provide small business [[loan]]s.<ref>{{cite web|url=http://www.fhlbanks.com/programs_comminvest.htm|name=Community Investment Program|org=FHLBanks|date=January 4, 2011}}</ref>
The banks operate a Community Investment Program (CIP), which is is designed to be a catalyst for economic development because it supports projects that create and preserve jobs and help build infrastructure to support growth. Lenders have used CIP to fund owner-occupied and rental housing, construct roads, bridges, retail stores, sewage treatment plants and provide small business [[loan]]s.<ref>{{cite web|url=http://www.fhlbanks.com/programs_comminvest.htm|name=Community Investment Program|org=FHLBanks|date=January 4, 2011}}</ref>


Oversight for the federal home loan banks is provided by the [[Federal Home Loan Finance Board]], ensuring that they operate safely, carry out their housing and community development finance mission, and remain adequately capitalized so they are able to raise funds in the [[capital market]]s.
Oversight for the federal home loan banks is provided by the [[Federal Housing Finance Agency]], created by congress in the Housing and Economic Recovery Act of 2008, ensuring that they operate safely, carry out their housing and community development finance mission, and remain adequately capitalized so they are able to raise funds in the [[capital market]]s.


== References ==
== References ==
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