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 while the fhlb itself is overseen by a government bureau and its mandate reflects a public purpose each bank in the fhlb network is privately capitalized and does not receive any government funding 