Federal Home Loan Bank System

The Federal Home Loan Banks Office of Finance is part of the Federal Home Loan Bank System, which is comprised of the 11 Federal Home Loan Banks and the Office of Finance. 

The Federal Home Loan Banks were created by Congress during the Great Depression through the Federal Home Loan Bank Act of 1932, which steadied the supply of money available to home lenders, helping them to more consistently meet their communities’ needs for mortgage financing – a crucial mission they continue to deliver on today. These enduring roots have guided the Federal Home Loan Banks for more than 90 years as they continue to expand their reach and deepen their impact.

The Federal Home Loan Banks serve the public interest by delivering competitively priced, highly reliable funding to approximately 6,300 member financial institutions that in turn flows through communities.

The Federal Home Loan Banks provide billions of dollars in low-cost funding to members, enabling members to better serve the mortgage and lending needs of their consumer and business customers and support local programs and initiatives.

America is a nation of local lenders, serving the needs of a varied set of customers. The Federal Home Loan Banks' regional structure not only helps to ensure that funding reaches local communities across the country, it also creates a deep connection between each of the Federal Home Loan Banks and its members.

As a member-owned, privately funded liquidity source behind the nation’s housing finance system, the Federal Home Loan Banks transform capital into community impact – delivering tangible outcomes for homeowners, renters, small businesses, and local economies.

The Federal Home Loan Bank System supports the efforts of member lending institutions to help families realize the dream of homeownership, stimulate the creation of affordable housing, and improve the local business environment.