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Federal Home Loan Bank Act
Definition
Legislation passed by the U.S. government in 1932 in response to the failure of the banking system. The Act was designed to assist individuals by creating a system that provided low cost funds to banks to use in mortgage and loan creation. It created the Federal Home Loan Bank system.
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Nearby Terms
- Federal Financial Institutions Examination Council (FFIEC)
- Federal Financing Bank
- Federal funds
- Federal funds rate
- Federal Home Loan Bank
- Federal Home Loan Bank Act
- Federal Home Loan Bank System
- Federal Home Loan Banks
- Federal Home Loan Mortgage Corporation
- Federal Housing Administration
- Federal Housing Finance Agency (FHFA)



