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Simple English definitions for legal terms

home loan bank

Read a random definition: Articles of Incorporation

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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i cant i would go crazy
JumpySubsequentDolphin
20:50
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JumpySubsequentDolphin
20:50
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20:50
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20:50
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JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
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JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
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JumpySubsequentDolphin
21:34
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JumpySubsequentDolphin
21:35
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JumpySubsequentDolphin
21:35
he has since moved
22:12
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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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