The Federal Home Loan Banks are an essential source of stable, low-cost funds to financial institutions for home mortgage, small business, rural and agricultural loans. With their members, the FHLBanks represent the largest source of home mortgage and community credit.

Ownership

The 12 banks of the FHLBank System are owned by over 8,000 community financial institutions. Rather than being publicly traded, equity in the FHLBank System is held by these owner/members.

Financials

FHLB borrowing was $545.5 billion during 2003, a 35% increase from 2002. During 2003, total U.S. residential mortgage production reached a record level of $3.8 trillion.

See also

• Government sponsored enterprises

External links

• FHLBanks home (http://www.fhlbanks.com/)

Banks

• Federal Home Loan Bank of Atlanta (http://www.fhlbatl.com/)
• Federal Home Loan Bank of Boston (http://www.fhlbboston.com/)
• Federal Home Loan Bank of Chicago (http://www.fhlbc.com)
• Federal Home Loan Bank of New York (http://www.fhlbny.com)
• Federal Home Loan Bank of Topeka (http://www.fhlbtopeka.com/)