Difference between revisions of "Federal Home Loan Banks"

Jump to navigation Jump to search
no edit summary
Line 1: Line 1:
{{helpAddContent}}  
{{helpAddContent}}  
{{Infobox Midpage Need Sponsor}}
The Federal Home Loan Banks (FHLB) are a system of 12 banks located in different areas of the United States that were originally created in 1932 to help [[bank]]s and other institutions after the effects of the depression. They offer below [[market]]-rate [[loan]]s to members for long-term financing for housing and [[economic]] development that benefits low- and moderate- [[income]] families and neighborhoods. The federal home loan banks are privately [[capital]]ized, government-sponsored enterprises.<ref>{{cite web|url=http://www.fhlbc.com/fhlbc/about.shtml|name=About Us|org=FHLB Chicago|date=January 4, 2011}}</ref>
The Federal Home Loan Banks (FHLB) are a system of 12 banks located in different areas of the United States that were originally created in 1932 to help [[bank]]s and other institutions after the effects of the depression. They offer below [[market]]-rate [[loan]]s to members for long-term financing for housing and [[economic]] development that benefits low- and moderate- [[income]] families and neighborhoods. The federal home loan banks are privately [[capital]]ized, government-sponsored enterprises.<ref>{{cite web|url=http://www.fhlbc.com/fhlbc/about.shtml|name=About Us|org=FHLB Chicago|date=January 4, 2011}}</ref>


Navigation menu