Home Loan Bank
1
3.8
- noun
- /hoʊm loʊn bæŋk/
- Specialized
:
Banco de Préstamos Hipotecarios
- This potential reflected the fact that some holders of balances at Federal Reserve Banks—mainly Federal Home Loan Banks—are not permitted to receive IOR from the Reserve Banks.
- Federal Home Loan Bank
It is the Federal Home Loan Bank.
- It is the Federal Home Loan Bank.
Examples
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The Federal Home Loan Banks supplied additional credit to many banks.
Academic text (2008) -
The Federal Home Loan Bank provided much-needed credit advances to local thrift institutions during the economic downturn.
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A former chief economist at the Federal Home Loan Bank Board spent a lot of money over several years defending himself against what a federal appeals court decided was in reality "a backhanded way" by the Office of Thrift Supervision to create a new rule.
Academic text (1999) -
The old cozy-with-the-industry Federal Home Loan Bank Board was abolished, and the Office of Thrift Supervision was created within the Treasury Department to oversee savings and loan associations.
Academic text (1999) -
During the 1980s savings and loan crisis, Dzivi served as counsel for the Federal Home Loan Bank, where he handled enforcement matters and supervised investigative auditors.
Blog text (13) -
After the financial reforms, many banks turned to the Home Loan Bank to secure short-term funding and stabilize their operations.
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Due to increased demand, the Home Loan Bank expanded its lending programs to support more community banks in the region.
Surface Forms
Morphology
The constituents 'home' + 'loan' + 'bank' lead naturally to the idea of a bank that deals with home loans (mortgages), so a learner who knows the words can infer the general function. However, the specific institutional sense in the U.S. (a regional network providing short-term advances to thrift institutions) is specialized and not predictable from the parts, so full meaning requires extra knowledge.
Etymology
Home Loan Bank comes from the simple idea of a bank that helps other banks make loans for houses, literally home + loan + bank. Because these banks gave money to local savings banks to back 'home loans', today a Home Loan Bank means a regional bank that supports other lenders so people can buy houses.