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Home Loan Bank - one of 11 regional banks that monitor and make short-term credit advances to thrift institutions in their region 3. bank - a long ridge or pile; "a huge bank of earth" bluff - a high steep bank (usually formed by river erosion) ridge - a long narrow natural elevatio...
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check to the central bank, which debits Bank 2's account and credits Bank 1's account. The firm can now use its deposit credit to repay its loan to Bank 1. The deposit created in step one is “destroyed”—wiped clean from the balance sheets—and the firm's loan is simultaneously ...
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