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LSDefine

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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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
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Dkk
18:50
Med law easy done
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Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
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try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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