We were created by Congress in 1932 to provide housing finance access to our members. We are one of 11 privately owned and capitalized FHLBs and do not use any taxpayer dollars. Only financial institutions that meet statutory requirements are eligible to become member stockholders and participate in our programs. These programs earn a profit for the FHLB, most of which is returned to members through a dividend or reinvested in our three state district through grants.

Programs & Services

pile of cash Advance Programs

We provide fully secured Advances and issue Letters of Credit.

House Mortgage Purchase Program

We are an alternative to the traditional secondary mortgage market, purchasing high quality, fixed rate residential mortgage loans.

aerial photo of housing subdivision Community Investment

We provide grants and below market rate Advances when used for affordable housing and community lending purposes.

Deposit window at bank Correspondent Services

We provide our members with a variety of correspondent services that assist with their back office operations and investment decisions.

Bank of Tennessee and Appalachia Service Project Receive Community Partnership Award

Award recipients receive $5,000 to address key focus areas such as affordable housing, economic development, education and wellness.

News & Events