| 单词 | Federal Home Loan Bank |
| 释义 | Federal Home Loan Bank Twelve regional organizations in the USA that supply credit for savings and loans associations (the US equivalent of building societies) and other organizations providing domestic mortgages. They are independent organizations but since legislation passed in 1989 they have been supervised by a five-member Federal Housing Finance Board. The legislation also made it a duty for district banks to provide cheap mortgage finance for borrowers on low incomes. |
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