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Federal Home Loan Banks - $1,000,000 Consolidated Specimen Bond - Made by the American Bank Note Company

Inv# SE1399C   Bond
Federal Home Loan Banks - $1,000,000 Consolidated Specimen Bond - Made by the American Bank Note Company
Country: United States
Years: 1974 or 75
Color: Green

ABN - Specimen $1,000,000 Bond. Rare! The Federal Home Loan Banks (FHLBanks, or FHLBank System) are 11 U.S. government-sponsored banks that provide liquidity to financial institutions to support housing finance and community investment.

The FHLBank System was chartered by Congress in 1932, during the Great Depression. It has a primary mission of providing member financial institutions with financial products/services which assist and enhance the financing of housing and community lending. The 11 FHLBanks are each structured as cooperatives owned and governed by their member financial institutions, which today include savings and loan associations (thrifts), commercial banks, credit unions and insurance companies. Read more at https://en.wikipedia.org/wiki/Federal_Home_Loan_Banks

Condition: Excellent

A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.

Item ordered may not be exact piece shown. All original and authentic.
Price: $746.50