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	Federal Home Loan Banks - Wikipedia, the free encyclopedia
		The 12 banks of the FHLB system are owned by over 8,100 financial institutions from all 50 states.
		The Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) abolished the Federal Home Loan Bank Board and transferred responsibility for oversight of the Federal Home Loan Banks to the Federal Housing Finance Board.
		At that time the Bank Board’s previous supervisory and regulatory responsibilities with respect to thrift institutions and their holding companies were transferred to the newly created Office of Thrift Supervision, under the U.S. Department of the Treasury.
	en.wikipedia.org /wiki/Federal_Home_Loan_Banks (362 words)

	Realty Times: Federal Home Loan Banks' Mortgage Partnership Finance Program Dodges a Bullet
		Also, by providing commercial banks and savings institutions with another outlet for their mortgages, the amount of capital available for more loans is increased, and that leads to better rates and terms for borrowers.
		Since then, nine of the 12 regional banks -- and soon to be 10 which buy fixed-rate loans from their member institutions have passed the $13 billion mark in MPF purchases along with $93 billion in master commitments.
		Christian, who was chairman of the Federal Home Loan Bank of Pittsburgh before moving to Atlanta a year ago, questioned whether Fannie Mae and Freddie Mac are truly interested in competition or are simply trying to hold on to their share of the mortgage pie.
	realtytimes.com /printrtpages/20000926_federalloan.htm (718 words)

	Federal Home Loan Bank Directors Conference - HUD (Site not responding. Last check: 2007-10-08)
		The public interest directorships are vitally important positions; through you, the banks fulfill their mission of increasing local housing finance and community development opportunities.
		Twelve years later, you have a lot to be proud of: $1.5 billion in AHP contributions by the Federal Home Loan Banks to support almost 315,000 housing units for low and moderate income families.
		Whether you are a newcomer to the Federal Home Loan Bank System or in the midst of your term, you are in a position to make the dream a reality.
	www.hud.gov /news/speeches/fhlbdirectors.cfm (2034 words)

	Two More Federal Home Loan Banks Warn of Losses
		Following the New York Home Loan Bank announcement that it will swing to a third quarter loss and suspend its dividend, the Atlanta and Pittsburgh banks said that they expect losses of $9 million and $7 million, respectively.
		It is commonly believed that the federal home loan banks -- like Fannie Mae (FNM:NYSE - commentary - research) and Freddie Mac (FRE:NYSE - commentary - research) -- operate with an implicit government guarantee, though no such guarantee actually exists in their congressional charter.
		The FHLB office of finance said in a statement that it still expects the 12 combined federal home loan banks to be profitable for the third quarter.
	www.thestreet.com /markets/marketfeatures/10118068.html (279 words)

	JS-1136: Zerzan Remarks to Council of Federal Home Loan Banks
		The Administration has called for placing Fannie Mae, Freddie Mac and the Home Loan Banks under a single regulator equipped with the stature and the tools to ensure these institutions continue to operate in a safe and sound manner, and able to perform their mission of expanding home ownership opportunities for all Americans.
		Last summer I was asked to head-up a survey of the Federal Home Loan Bank System, with particular view to the changes that have taken place in the System since passage of the Gramm-Leach-Bliley Act, and how the Banks’ activities have evolved in recent years.
		Any review of the activities of the Federal Home Loan Banks over the last 15 years reinforces our belief that the Bank System needs to be included in the new regulatory structure which has been proposed for the GSEs.
	www.ustreas.gov /press/releases/js1136.htm (1468 words)

	federal home loan banks (Site not responding. Last check: 2007-10-08)
		home equity loan bank of america auto loan home loan bank federal home loan bank of atlanta bank of america loan bank of america home loan mortgage loan banks bad credit bank loan bank auto loan fleet bank...
		Federal Home Loan Bank of Dallas Federal Home Loan Bank of Dallas W e are a cooperatively...
		Th e federal home loan banks are an essential source of stable, low-cost funds to financial institutions for home mortgage, small business, Â rural and agricultural loans...
	www.grancanariayoungsters.com /content/Loan/federal-home-loan-banks.php (250 words)

	Apache Dawn funded by two Federal Home Loan Banks : ICT [2003/09/22]
		Apache Dawn was funded by the Federal Home Loan Bank of Seattle and the Federal Home Loan Bank of Dallas.
		In this case, both grants came from out-of-territory banks (Arizona is in the district of the Federal Home Loan Bank of San Francisco).
		There are 12 Federal Home Loan Banks around the country which are regulated by the Federal Housing Finance Board in Washington, D.C. They were mandated by the Financial Institutions Reform, Recovery and Enforcement Act to set aside 10 percent of their earnings for affordable housing projects.
	www.indiancountry.com /content.cfm?id=1064251628 (835 words)

	RR-2705: "FEDERAL HOME LOAN BANKS" ASSISTANT SECRETARY OF THE TREASURY (FINANCIAL INSTITUTIONS) RICHARD S. CARNELL ...
		Banks and thrifts have powerful incentives to become and remain members of the System -- if those institutions are doing the kind of activities the System is designed to encourage.
		An enormous secondary market for mortgages, which was non-existent in the 1930s, now readily enables banks and thrifts to sell mortgages and use the proceeds to make new loans.
		The Federal Housing Finance Board (Finance Board) expanded the FHLBanks' investment authority by permitting the FHLBanks to have $20 in consolidated obligations for each $1 of capital, and increasing the FHLBanks' allowable share of mortgage-backed securities to 300 percent of capital.
	www.treas.gov /press/releases/rr2705.htm (5950 words)

	ICBA - Advocacy - Testimony 108th Congress - Federal Home Loan Bank Governance
		Congress has given the Federal Home Loan Banks a nontraditional board structure which calls for a certain ratio of director seats set aside for elected member representatives and a certain ratio for appointed representatives of the public interest.
		It is not that long ago that community banks regularly complained to ICBA that they could not get their members elected to Federal Home Loan Bank boards because of larger long-time members.
		If the FHFB sees that the Federal Home Loan Bank directors are lacking needed expertise in interest rate risk management and use of derivatives and other more complex financial and risk management tools, the FHFB should strongly consider this need when appointing public interest directors.
	www.icba.org /advocacy/testimonydetail.cfm?ItemNumber=535&sn.ItemNumber=1699 (1344 words)

	SEC Testimony: Application of Federal Securities Law Disclosure and Reporting Requirements to Fannie Mae, Freddie Mac ...
		The Federal Home Loan Bank System through the Office of Finance is one of the largest issuers of debt securities in the world with $816.2 billion outstanding as of June 30, 2004.
		However, the Banks are subject to general antifraud restrictions prohibiting false or misleading statements of material facts or the omission of material facts necessary to make the statements made, in light of the circumstances under which they are made, not misleading.
		Prior to the Banks’ submission of filings, staff of the Commission met with members and staff of the Federal Housing Finance Board, representatives of the Banks and a group of directors of certain Banks, in each case at their request, to discuss the issues that registration under the Exchange Act may raise.
	www.sec.gov /news/testimony/ts042105alb.htm (4009 words)

	Chicago Federal Home Loan Bank - Community Investment
		Guidelines concerning the Bank's acquisition from members of residential mortgage loans are addressed in Part I below, and Part II addresses residential mortgage loans pledged by members as collateral to the Bank (“Residential Mortgage Collateral”).
		In 2000, the Bank and other Federal Home Loan Banks participating in the MPF Program adopted MPF Predatory Lending Guidelines which identify practices and product features which cause loans to be ineligible for the Program.
		Bank members are responsible for avoiding all unlawful practices and terms prohibited by applicable Anti-Predatory Lending Laws, regardless of whether they originate or purchase the Residential Mortgage Collateral being pledged to the Bank.
	ci.fhlbc.com /ci/anti_predatory.asp (504 words)

	Federal Home Loan banks withdraw filings (Site not responding. Last check: 2007-10-08)
		The Pittsburgh Federal Home Loan Bank and two other banks asked the Securities and Exchange Commission to withdraw their financial statements yesterday, joining a growing list of federally sponsored wholesale banks that will miss Monday's registration deadline.
		The Federal Housing Finance Board, the banks' regulator, on Tuesday denied several requests to extend Monday's deadline and instead imposed new rules on late filers that could limit their ability to pay out dividends to their member banks until they correct all accounting errors and register with the SEC.
		The home loan banks are owned cooperatively by the 8,000 thrifts, commercial banks, credit unions and insurance companies that join the system to access its below-market-rate loans.
	www.post-gazette.com /pg/05238/560253.stm (305 words)

	Expanding the Authority of Federal Home Loan Banks
		Expanding the Authority of the Federal Home Loan Banks Is Unnecessary and Risky
		When the Senate Banking Committee marks up S. 1405, the Financial Services Modernization Act, it will consider an amendment that would significantly expand the role of the federally sponsored Federal Home Loan Bank System into U.S. financial markets and put it in direct competition with private, tax-paying commercial banks and other private lenders.
		The Federal Home Loan Bank System was created in the 1930s to provide the then beleaguered savings and loan industry with a backup source of short-term liquidity in the form of advances.
	www.heritage.org /Research/GovernmentReform/em544.cfm (273 words)

	Chicago Federal Home Loan Bank
		By providing liquidity, funding, and asset-liability management capabilities to member institutions on a secured basis -- with minimal credit risk to the Chicago FHLB -- and by assisting members in providing affordable housing and economic development in their communities, the Chicago FHLB is a valuable partner in all phases of financial and economic cycles.
		Under the MPF Program, the risks associated with home mortgage finance are allocated between the Federal Home Loan Bank and the member in a manner that uses the cooperative structure of the Federal Home Loan Bank System to maximize comparative advantages.
		The Chicago FHLB is one of 12 district banks chartered in 1932 by the U.S. Congress to ensure a secure source of mortgage funds to thrift and housing finance institutions.
	www.fhlbc.com /fhlbc/about/index.asp (412 words)

	IRS to Audit Some Bonds With LOCs: Federal Home Loan Guarantees Queried
		The 12 regional Federal Home Loan Banks are federally chartered but are owned by their members, which are mostly commercial banks and savings and loan institutions.
		All of the non-housing bonds issued by the Chicago Federal Home Loan Banks are designed to benefit low-income community investment developments, said a bank spokesman who refused to discuss the IRS investigations.
		In September, the IRS issued a preliminary determination that interest on a $5.3 million industrial revenue bond issue sold by the Illinois Development Finance Authority is not exempt from federal income taxes because the deal used a standby letter of credit from the Federal Home Loan Bank of Chicago.
	www.cdfa.net /cdfa/press.nsf/pages/556 (717 words)

	"Federal Home Loan Banks" Definition
		The Federal Home Loan Banks play a role analogous to that played by the Federal Reserve Banks vis-a-vis member commercial banks.
		Federal Home Loan Banks - The institutions that regulate and lend to savings and loan associations.
		Federal Home Loan Banks : the institutions that regulate and lend to savings and loan associations.
	dictionary.itlocus.com /f/federal_home_loan_banks.html (115 words)

	FDIC: Federal Register Citations
		The provisions of the regulation relating to the security interests of Federal Home Loan Banks (Banks) in FDIC-administered receiverships, is being removed because of its limited applicability and the federal statutory protections provided to the Banks make it unnecessary to continue to address the issues contained therein by regulation.
		In addition to the priority accorded the Banks' security interests by CEBA, other federal statutory provisions were enacted subsequent to promulgation of the regulation which provide the Banks' extensions of credit and security interests additional receivership protections.
		Although the regulation is being removed as part of the CDRIA process, however, the FDIC intends to continue to assist the Banks with the resolution of specific issues regarding their extensions of credit or security interests, on a case by case basis, as the need arises.
	www.fdic.gov /regulations/laws/federal/rr.html (1286 words)

	SurfWax: News, Reviews and Articles On Federal Home Loan Banks
		It's clear that action to establish a strong regulator for these two organizations, as well as the Federal Home Loan Banks, and to assure that the operations of the GSEs are safe and sound is necessary, both for the financial security of the taxpayer and for the long term future of the housing finance system.
		The bank expects to calculate and announce its dividend rate once the Office of Finance issues the combined financial statements of the Federal Home Loan Banks for 2004, which is slated for March 14.
		As for the Federal Home Loan Banks, Walker doesn't believe that six of the 14 board members should be appointed by the Federal Housing Finance Board--which is currently responsible for their oversight.
	news.surfwax.com /personalfinance/files/Federal_Home_Loan_Banks.html (3415 words)

	Citizens Bank \| Citizens Bank joins the Federal Home Loan Bank of New York
		"Citizens Bank is a strong neighborhood lender throughout New York," said Alfred A.DelliBovi, President and CEO of the Federal Home Loan Bank of New York.
		The Federal Home Loan Bank of New York is a congressionally chartered, wholesale bank.
		The mission of the Federal Home Loan Banks is to support the efforts of local members to help provide financing for America's homebuyers.
	www.citizensbank.com /au/news/ctz/2006/01_11_06_Fed_Home_Loan_NY.aspx (403 words)

	huibo-expo.com - Loans - Federal Home Loan Banks (Site not responding. Last check: 2007-10-08)
		Home > Loans > Federal Home Loan Banks
		The 12 Federal Home Loan Banks are stock-chartered, government-sponsored enterprises whose original mission was to provide short-terns advances to member......(Continue Reading)
		Since 1990, when commercial banks were first eligible to join the Federal Home Loan Bank System, they have become an important constituency of the FHLBs....(Continue Reading)
	www.huibo-expo.com /loans/term22058.html (160 words)

	NCPA - Daily Policy Digest - The Trouble with Federal Home Loan Banks
		Like Fannie Mae and Freddie Mac, the 12 banks that comprise the Federal Home Loan Banks system are running with lots of leverage and an implicit guarantee by taxpayers.
		The banks -- nicknamed the Flubs -- also suffer from poor regulatory oversight, cozy corporate governance and insufficient financial disclosure, according to the Wall Street Journal.
		Treasury Secretary John Snow and Federal Reserve Chairman Alan Greenspan are now arguing that the Flubs ought to have stronger supervision under the authority of the Treasury.
	www.ncpa.org /iss/reg/2003/pd100703b.html (353 words)

	Federal Home Loan Banks announce board election results Northwestern Financial Review - Find Articles (Site not responding. Last check: 2007-10-08)
		The Federal Home Loan Bank System in November announced the resuits of its boards of director elections.
		Commercial banks holding 10 percent of their assets in residential mortgages are eligible to be members of the Federal Home Loan Bank System.
		However, incumbent Curtis Hage, president of Home Federal Savings Bank in Sioux Falls, S.D., was the only person from that state to be nominated and retained his seat without an election taking place.
	www.findarticles.com /p/articles/mi_qa3799/is_199912/ai_n8877782 (433 words)

	Home Loan Banks (Site not responding. Last check: 2007-10-08)
		Although the prices for home loan banks internationally may be better than say New Zealand you should also...
		Mortgage rates, CD rates, auto loan rates, credit card rates, objective information and in-depth articles on consumer bank products such as mortgages, credit cards, CDs, auto loans, home equity loans and checking accounts.
		The Federal Home Loan Banks are an essential source of stable, low-cost funds to financial institutions for home mortgage, small business, rural and agricultural loans.
	www.best-in-mortgages.com /OPG/home-loan-banks.html (567 words)

	Seattle's Home Loan Bank may branch out
		The Federal Home Loan Bank of Seattle, one of 12 regional institutions that provide money to home lenders, is seeking to branch into the turf of mortgage-finance giants Fannie Mae and Freddie Mac.
		The bank announced yesterday that it has asked federal regulators for permission to begin buying mortgage-backed securities from the banks and thrifts in the Northwest that collectively own it, and selling them to those financial institutions and other investors.
		"The Federal Home Loan Banks are always looking for ways to provide more opportunities for consumers, who are working with member community banks, to afford a home of their own," former Mayor Norm Rice, president and CEO of the Seattle bank, said in a statement.
	seattlepi.nwsource.com /business/188593_homeloans31.html (554 words)

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