In Briefs: Ohio Home Loan Bank Gains 700th Member

The Federal Home Loan Bank of Cincinnati said its membership has doubled since 1989. The Home Loan Bank recently gained its 700th member, Shore Bank and Trust Co., of Cleveland.

The Financial Institutions Reform, Recovery, and Enforcement Act, passed in 1989, opened membership in the Federal Home Loan Bank System to commercial banks and credit unions with proven records of home lending.

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