federal home loan bank system
Noun: A federal home loan bank system is the central credit system for thrift institutions, such as savings and loan associations and credit unions. It is a network of government-sponsored banks that provides reliable liquidity (funds) to member financial institutions to support housing finance and community lending.
The term is used as a proper noun to refer to this specific U.S. financial system. It functions as a singular entity. * The Federal Home Loan Bank System was created to ensure a stable source of funds for mortgage lending. * Many local lenders are members of the Federal Home Loan Bank System.
- The system is often discussed in the context of financial regulation, housing policy, and economic stability.
- It is commonly abbreviated as FHLBank System or FHLBanks in financial reporting and industry discussions.
- Federal Home Loan Bank (FHLB): Refers to one of the 11 regional banks that make up the system.
- Advance: The term for a loan made by an FHLBank to a member institution.
- Thrift institution: A type of financial institution, like a savings bank, that is a primary member of this system.
- FHLBank System (the standard abbreviation)
- The FHLBanks (informal industry term)
This is a specialized term from finance and government. It does not have phrasal verbs or idioms associated with it in general English usage. Its meaning is fixed to this specific U.S. institution.
- the central credit system for thrift institutions