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 Deposit Insurance Corporation
Federal Farm Credit Bank (FFCB)
Federal Financing Bank
Federal funds
Federal funds rate
Federal Home Loan Bank Act
Federal Home Loan Bank System
Federal Home Loan Mortgage Corporation
Federal Housing Administration
Federal Housing Finance Board
Federal ID Number