Home Loan Bank (Noun)
Meaning
One of 11 regional banks that monitor and make short-term credit advances to thrift institutions in their region.
Classification
Nouns denoting groupings of people or objects.
Examples
- The home loan bank provided financial assistance to the struggling thrift institution during the economic downturn.
- As a member of the home loan bank, the credit union was able to access liquidity and fund new mortgages.
- The home loan bank's advances helped the savings association meet its short-term funding needs.
- The home loan bank's role in the region's financial system was crucial in maintaining stability among thrift institutions.
- The thrift institution turned to the home loan bank for a short-term loan to cover its immediate funding requirements.