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LSDefine

Simple English definitions for legal terms

home loan bank

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A quick definition of home loan bank:

A Home Loan Bank, also known as a Federal Home Loan Bank (FHLB), is one of 12 banks created by the government in 1932. These banks give loans to savings institutions and community financial institutions that help small businesses, small farms, and small agribusinesses. The banks are watched over by the Federal Housing Finance Board.

A more thorough explanation:

A Home Loan Bank, also known as a Federal Home Loan Bank (FHLB), is one of 12 banks established by the federal government in 1932. The purpose of these banks is to provide secured loans, or 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, which are abbreviated as FHLBs. They are an important source of funding for local financial institutions, helping them to provide loans to individuals and businesses in their communities.

Let's say a small business owner needs a loan to purchase new equipment. They approach their local community bank, but the bank doesn't have enough funds to provide the loan. The bank can then turn to their FHLB for a secured loan, which they can then use to provide the loan to the small business owner.

Another example could be a small farmer who needs a loan to purchase new land. Their local savings institution may not have enough funds to provide the loan, so they can turn to their FHLB for a secured loan, which they can then use to provide the loan to the farmer.

These examples illustrate how FHLBs provide important funding to local financial institutions, which in turn helps support small businesses, small farms, and small agribusinesses in their communities.

homeless shelter | home port

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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