Examples of Federal home loan bank in a sentence
A Federal savings association may not permit any overdraft (including an intraday overdraft) on behalf of an affiliate, or incur any such overdraft in such savings associa- tion’s account at a Federal reserve bank or Federal home loan bank on behalf of an affili- ate.
Any savings association which is, or is eligi- ble to become, a member of a Federal home loan bank may convert into a Federal savings association (and in so doing may change di- rectly from the mutual form to the stock form, or from the stock form to the mutual form).
Investments in the stock or bonds of a Federal home loan bank or in the stock of the Federal National Mortgage Association.
A Federal savings association may invest in stock, obligations, or other securities of any small business investment company formed pursuant to section 301(d) of the Small Business Investment Act of 1958 [15U.S.C. 681(d)] 1 for the purpose of aiding members of a Federal home loan bank.