^Lot 685 Federal Home Loan Banks Specimen Bonds

U.S. 1973. 4 different certificates. All have allegorical figures of man and woman. All are Series I, 7.05% Consolidated Bonds due 1974. 1) $10,000, red. 2) $25,000, blue. 3) $100,000, purple. 4) $1,000,000, olive green. In 1932, Congress established the Federal Home Loan Bank System to fill an important need for a stable source of funds for residential mortgages. There are twelve Federal Home Loan Banks (FHL Banks), each with its own president and board of directors, located in different regions of the country. They are government-sponsored enterprises, federally chartered but privately capitalized and independently managed. FHL Banks and their members are the largest source of residential mortgage and community, development credit in the United States. Federated BNC. XF.