FHLBS


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AcronymDefinition
FHLBSFederal Home Loan Bank System
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References in periodicals archive ?
This role is now mainly played by the GSEs, especially the FHLBs. On the borrowing side, domestic institutions are awash with reserves from the Fed's asset purchases, and the FDIC's new capital requirements penalize them for holding reserves.
(2) This pattern of borrowing and lending on the federal funds market occurs because (i) FHLBs cannot receive interest on reserves and (ii) the branches of foreign banks in the United States have interest-bearing reserve accounts and low balance-sheet costs.
FHLBs are cooperative institutions designed to serve the liquidity needs of their members, which are primarily credit unions and community banks.
(10.) The FHLBs were established in 1932 as GSEs chartered to provide a low-cost source of funds, primarily for mortgage lending.
The FHLB System is composed of 12 regional Federal Home Loan Banks (FHLBs) and an Office of Finance that acts as the FHLBs' gateway to the capital markets.
(12) Rapid liability growth has come from "other" (nonbank) borrowings that include loans from the Fed, the FHLBs, and all other lenders.
At the top of the NAHB's agenda are congressional efforts to reform the government-sponsored enterprises (GSEs)--Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (FHLBs)--and the recent proposals of the President's Advisory Panel on Federal Tax Reform.
The programs' expansion means that the FHLBs are becoming rivals to Fannie Mae and Freddie Mac in the holding of residential mortgages.
Today, nine Federal Home Loan Banks (FHLBs) offer this program, and the remaining three offer their own Mortgage Purchase Programs.
Taking its cue from a highly critical July 27, 1998 letter from then-Treasury Secretary Robert Rubin to Senate Banking Committee Chair Alphonse D'Amato, the influential business magazine went on to criticize the Federal Home Loan Banks (FHLBs) severely.