Federal Home Loan Bank System
- noun
- Formal
:
Sistema Federal de Bancos de Préstamos Hipotecarios
- Established during the Great Depression, the Federal Home Loan Bank System remains vital to the U.S. financial infrastructure.
Examples
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Many credit unions rely on the Federal Home Loan Bank System for short-term liquidity.
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The Federal Home Loan Bank System provides funds to support mortgage lending and community investment.
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The Federal Home Loan Bank System was established in 1932.
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Many lenders rely on the Federal Home Loan Bank System for support.
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The Federal Home Loan Bank System helps thrift institutions with lending and liquidity services.
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Banks in the Federal Home Loan Bank System provide essential support to local lenders.
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Through the Federal Home Loan Bank System, many families can access affordable housing loans.
Surface Forms
Morphology
federal + home + loan + bank + system
The meaning is directly compositional: 'federal' (government), 'home loan' (a loan for a house), 'bank' (financial institution) and 'system' (a network). A B1 learner who knows these constituents can infer it refers to a government network of banks that deal with home loans, even if they miss specialized details about sponsorship or liquidity services.
Etymology
Federal Home Loan Bank System was created in the 1930s when the U.S. government set up a group of banks to give money to local lenders so people could buy homes. Think of the parts Federal (government), Home Loan (money for houses), Bank (lender) and System (a group), so the name describes a network of government-backed banks that 'help' mortgage lending today.
