What was the purpose of setting up the Federal Home Loan Bank Act?

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asked Apr 8, 2019 161k views

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Tuanvt · Answer 1 · 2019-04-13T04:43:00+0000

Federal Home Loan Bank Act of 1932 (“Act”) is a U.S. federal legislation passed under President Herbert Hoover to assist individuals by creating a system that provided low cost funds to banks to use in mortgage and loan creation.

What was the purpose of setting up the Federal Home Loan Bank Act?

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