What does Federal Home Loan Bank mean? Read on to discover the definition & meaning of the term Federal Home Loan Bank - to help you better understand the language used in insurance policies.
Federal Home Loan Bank
The (FHLB) is a system of regional banks available to assist local American lending institutions when the need to borrow funds arises. These banks are used to finance a variety of things, such as infrastructure, housing, and economic development. FHLBs are actually cooperatives, which enables their low costs to be passed on to customers. Used by a majority of American lending institutions, FHLBs have been around for decades, providing low-cost funds for community lending.
We hope the you have a better understanding of the meaning of Federal Home Loan Bank.