Federal Home Loan Banks
Encyclopedia : F : FE : FED : Federal Home Loan Banks
The Federal Home Loan Banks are an essential source of stable, low-cost funds to American financial institutions for home mortgage, small business, rural and agricultural loans. With their members, the FHLBanks represent the largest source of home mortgage and community credit.
Ownership
The 12 banks of the FHLBank System are owned by over 8,100 community financial institutions from all 50 states. Rather than being publicly traded, equity in the FHLBank System is held by these owner/members.Financials
The combined assets of the 12 Federal Home Loan Banks are approximately one trillion dollars. A press release from the FHLB Office of Finance reports at 3/31/06 there were combined assets of $998 billion dollars. The combined net income was $620 million. The FHLB made affordable housing contributions of $71 million in the first quarter of 2006. All 12 Banks have registered with the United States Securities and Exchange Commission and all financial statements and other filings are available to the public at the SEC web site. (See external links)See also
External links
Banks
- [Federal Home Loan Bank of Atlanta]
- [Federal Home Loan Bank of Boston]
- [Federal Home Loan Bank of Chicago]
- [Federal Home Loan Bank of Cincinnati]
- [Federal Home Loan Bank of Dallas]
- [Federal Home Loan Bank of Des Moines]
- [Federal Home Loan Bank of Indianapolis]
- [Federal Home Loan Bank of New York]
- [Federal Home Loan Bank of Pittsburgh]
- [Federal Home Loan Bank of San Francisco]
- [Federal Home Loan Bank of Seattle]
- [Federal Home Loan Bank of Topeka]
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