In addition to the Federal Reserve,the other governmental agency that has also been loaning large amounts of money to banks and thrift institutions is the:

Question

Quizplus · Accepted Answer

The Federal Home Loan Banks (FHLB) system is a consortium of regional banks in the United States that provides funding to U.S. financial institutions for home mortgage and community investments. It is a government-sponsored enterprise tasked with supporting mortgage lending and related community investment. The FHLB does this by lending money to banks and thrift institutions at a preferential rate, which these institutions can then use to provide loans to their customers for purchasing homes. This system plays a crucial role in the housing finance system by ensuring liquidity for mortgage lending and stability in the housing market.

In Addition to the Federal Reserve,the Other Governmental Agency That