federal home loan bank

Federal Home Loan Bank. One of 12 federally chartered banks created in 1932 to extend secured loans (advances) to savings institutions that are members of the system and to community financial institutions that finance small businesses, small farms, and small agribusinesses. • The banks are supervised by the Federal Housing Finance Board. — Abbr. FHLB. — Sometimes shortened to home loan bank. [Cases: Banks and Banking 451. C.J.S. Banks and Banking §§ 669–670.]

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词条贡献者

法律翻译Lester，毕业于英国一流的高级翻译学院，专注翻译各类与消费者与零售产品有关的法律文件。