Federal Home Loan Bank (FHLB)

The Federal Home Loan Bank (FHLB) is a system of regional banks that provide financial assistance to local lenders, such as banks and credit unions, to support housing and community development. They raise funds by issuing bonds and lend money to member institutions at favorable rates, helping them offer affordable mortgages and community projects. The FHLB's goal is to promote stability and growth in housing markets and local economies by ensuring lenders have reliable access to funds.