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The FHLBanks are 11 regionally based, wholesale suppliers of lendable funds to financial institutions of all sizes and many types, including community banks, credit unions, commercial and savings banks, insurance companies and community development financial institutions. The FHLBanks are cooperatively owned by member financial institutions in all 50 states and U.S. territories.

It was a pleasure to work with my mortgage banker to accomplish my VA cash out mortgage refinance. He was friendly and professional. He explained all the details clearly, and answered my questions promptly, I would recommend any veteran considering refinancing to apply to The Federal Savings Bank.

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My mortgage banker is a very knowledgeable and professional asset to your team. I loved working with him through the entire process and he never shied away from any of my questions. I highly recommend you guys.

Our core mission is to provide a reliable source of liquidity to member banks, credit unions, community development financial institutions and insurance companies to support housing finance, asset-liability management and community lending. We also help communities and families through grants and low-cost loans to our members that help support affordable housing and economic development initiatives.

FHLBank Indianapolis serves a wide range of members large and small, from banks and credit unions to insurance companies and community development financial institutions. But how exactly do we do that? Watch our testimonial video and hear from the members themselves about the value we provide to their customers and their communities.

FHLBank Indianapolis is one of 11 regional banks that make up the Federal Home Loan Bank System. FHLBanks are government-sponsored enterprises created by Congress to ensure access to low-cost funding for their member financial institutions. FHLBanks are privately capitalized and funded, and receive no Congressional appropriations. The Bank is owned by its approximately 400 Indiana and Michigan financial institution members. Watch this 60 second video to learn more about how the FHLBanks support a nation of local lenders.

A contributor interested in obtaining an NHF loan applies through a registered and duly accredited mortgage loan originator (e.g. Primary Mortgage Banks), who packages and forwards the application to FMBN.

*Annual Percentage Yield (APY) is 5.00% for the 6-month certificate, 4.75% the 9-month certificate; 4.84% for the 13-month certificate and is accurate as of 01/1/2024. At maturity, the 6-month certificate renews for a term of 6-months, the 9-month certificate automatically renews for a term of 9-months, the 13-month certificate will automatically renew for a term of 12-months. Promotional rates available for new money only. New money is defined as money not currently on deposit with the bank. Funds must remain on deposit for the term of the certificate. A penalty for early withdrawal may apply. Fees could reduce earnings. The minimum to open the certificate of deposit is $500. This special is available for a limited time and is subject to change without notice.

"From the very first phone call it's been absolutely wonderful. We had such a pleasant experience with this bank that we ended up making it not only the bank that gave us the loan on this house, but this is our personal bank now. It felt like family."

First Federal Lakewood was willing to work with me as a new business owner when other banks would not. Not only was I able to get a loan but Chalana Williams and Tiffany Cardenas have been great partners.

The Federal Mortgage Bank of Nigeria was founded by the Federal Government of Nigeria in 1977 to replace the Nigerian Building Society which was founded in 1956. Between 1978 and 1985, it was the only mortgage institution in Nigeria. According to the constitution of Nigeria, the Federal Mortgage Bank was established to meet the housing needs of all citizens of the country.[1]

A direct government intervention to expand the mortgage industry in Nigeria, the bank was established by the military government of Olusegun Obasanjo to be a wholesale and retail credit institution[2] that would provide long term financing to home buyers, building material firms and mortgage financial institutions. The initial plan was to make the company pool long term deposits from government sources, mortgage companies, pension and trust funds and private individuals to fund its credit activities at competitive interest rates. The law founding the bank came in effect in January 1977 and also gave the bank the ability to guarantee construction loans financed from private investments.[3] The bank inherited the assets of a previous Nigerian building society following the dissolution of the latter.

However, the objectives of the federal government's housing policy were slow to become a realization, in 1989 the administration of Ibrahim Babangida liberalized the housing finance sector[2] and opened up opportunities for retail oriented primary mortgage institutions. FMBN was propositioned to become a regulator of the primary mortgage originators as the apex mortgage lending institution in the country, and its primary mortgage lending activities were taken over by the Federal Mortgage Finance Company of Nigeria. In furtherance of expanding mortgage financing to more Nigerians, the government established the National Housing Fund that included a mandatory contribution scheme to mobilize funds to develop the mortgage sector.[1]

The Federal Home Loan Bank (FHLB) system was created by the Federal Home Loan Bank Act of 1932 as a government sponsored enterprise to support mortgage lending and related community investment. It is composed of 11 FHLBanks, more than 6,500 member financial institutions, and the System's fiscal agent, the Office of Finance. Each FHLBank is a separate, government-chartered, member-owned corporation.

The Federal Home Loan Bank System in its entirety was created to act as a government-sponsored entity designed to support community investments and mortgage lending. It is not an agency but it was created by the Federal Home Loan Bank Act.

"}},{"@type": "Question","name": "How Many FHLBanks Are There?","acceptedAnswer": {"@type": "Answer","text": "The FHLB is not one single bank, but it is a network of 11 regional banks that provide cash to other banks that use it.

"}},{"@type": "Question","name": "Does the FHLB System Loan Money to Individuals?","acceptedAnswer": {"@type": "Answer","text": "No The FHLB System's banks loan to other lending institutions, primarily to support real estate loans."}}]}]}] Investing Stocks Bonds ETFs Options and Derivatives Commodities Trading FinTech and Automated Investing Brokers Fundamental Analysis Technical Analysis Markets View All Simulator Login / Portfolio Trade Research My Games Leaderboard Banking Savings Accounts Certificates of Deposit (CDs) Money Market Accounts Checking Accounts View All Personal Finance Budgeting and Saving Personal Loans Insurance Mortgages Credit and Debt Student Loans Taxes Credit Cards Financial Literacy Retirement View All News Markets Companies Earnings CD Rates Mortgage Rates Economy Government Crypto ETFs Personal Finance View All Reviews Best Online Brokers Best Savings Rates Best CD Rates Best Life Insurance Best Personal Loans Best Mortgage Rates Best Money Market Accounts Best Auto Loan Rates Best Credit Repair Companies Best Credit Cards View All Academy Investing for Beginners Trading for Beginners Become a Day Trader Technical Analysis All Investing Courses All Trading Courses View All TradeSearchSearchPlease fill out this field.SearchSearchPlease fill out this field.InvestingInvesting Stocks Bonds ETFs Options and Derivatives Commodities Trading FinTech and Automated Investing Brokers Fundamental Analysis Technical Analysis Markets View All SimulatorSimulator Login / Portfolio Trade Research My Games Leaderboard BankingBanking Savings Accounts Certificates of Deposit (CDs) Money Market Accounts Checking Accounts View All Personal FinancePersonal Finance Budgeting and Saving Personal Loans Insurance Mortgages Credit and Debt Student Loans Taxes Credit Cards Financial Literacy Retirement View All NewsNews Markets Companies Earnings CD Rates Mortgage Rates Economy Government Crypto ETFs Personal Finance View All ReviewsReviews Best Online Brokers Best Savings Rates Best CD Rates Best Life Insurance Best Personal Loans Best Mortgage Rates Best Money Market Accounts Best Auto Loan Rates Best Credit Repair Companies Best Credit Cards View All AcademyAcademy Investing for Beginners Trading for Beginners Become a Day Trader Technical Analysis All Investing Courses All Trading Courses View All EconomyEconomy Government and Policy Monetary Policy Fiscal Policy Economics View All Financial Terms Newsletter About Us Follow Us Table of ContentsExpandTable of ContentsHow the Federal Home Loan Bank (FHLB) System WorksFHLB ServicesHow the FHLBanks are FundedHistory of the FHLB SystemImpact of the FHLB SystemIs Federal Home Loan Bank a Government Agency or Bank?How Many FHLBanks Are There?Does the FHLB System Loan Money to Individuals?Personal FinanceMortgageFederal Home Loan Bank (FHLB) System: Definition and HistoryByTroy Segal Full Bio Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news.Learn about our editorial policiesUpdated April 30, 2022Reviewed byMarguerita Cheng Reviewed byMarguerita ChengFull Bio Marguerita is a Certified Financial Planner (CFP), Chartered Retirement Planning Counselor (CRPC), Retirement Income Certified Professional (RICP), and a Chartered Socially Responsible Investing Counselor (CSRIC). She has been working in the financial planning industry for over 20 years and spends her days helping her clients gain clarity, confidence, and control over their financial lives.Learn about our Financial Review BoardFact checked byAmanda Jackson Fact checked byAmanda JacksonFull Bio Amanda Jackson has expertise in personal finance, investing, and social services. She is a library professional, transcriptionist, editor, and fact-checker.Learn about our editorial policies What Is the Federal Home Loan Bank System (FHLB)? The Federal Home Loan Bank System (FHLB) is a consortium of 11 regional banks across the U.S. that provide a reliable stream of cash to other banks and lenders to finance housing, infrastructure, economic development, and other individual and community needs. The Federal Housing Finance Agency oversees the FHLB. e24fc04721