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Simple English definitions for legal terms

Federal Home Loan Bank

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A quick definition of Federal Home Loan Bank:

Federal Home Loan Bank: A bank that was created in 1932 to help other banks and financial institutions give loans to small businesses, small farms, and small agribusinesses. There are 12 of these banks, and they are supervised by the Federal Housing Finance Board. They give secured loans to their member banks and community financial institutions. Sometimes, people call them home loan banks.

A more thorough explanation:

Federal Home Loan Bank

The Federal Home Loan Bank is one of 12 banks established by the federal government in 1932. Its purpose is to provide secured loans, known as advances, to member savings institutions and community financial institutions that support small businesses, small farms, and small agribusinesses. The Federal Housing Finance Board supervises these banks. The abbreviation for Federal Home Loan Bank is FHLB, and it is sometimes referred to as home loan bank.

Example 1: A small community bank in a rural area needs funds to lend to local farmers. They can apply for an advance from the Federal Home Loan Bank to support their lending activities.

Example 2: A credit union that is a member of the Federal Home Loan Bank needs to finance a small business loan. They can use an advance from the bank to provide the necessary funds.

These examples illustrate how the Federal Home Loan Bank provides support to member institutions that serve small businesses, small farms, and small agribusinesses. By providing secured loans, the bank helps these institutions to provide financing to their customers, which in turn supports economic growth and development in local communities.

Federal Highway Administration | Federal Home Loan Bank Board

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JumpySubsequentDolphin
20:50
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JumpySubsequentDolphin
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20:50
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JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
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20:52
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JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
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22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
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JumpySubsequentDolphin
22:39
@splitty Oregon!
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JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
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