Finance
In Washington, the Federal Home Loan Bank of Seattle (now FHLB Des Moines) serves Washington member banks by:
ADirectly making home loans to consumers
BProviding wholesale funding to member financial institutions to support housing lending✓ Correct
CSetting mortgage interest rates for Washington lenders
DRegulating Washington's mortgage brokers
Explanation
The Federal Home Loan Bank system provides wholesale funding (advances) to its member financial institutions (banks, thrifts, credit unions) to support housing lending. Members pledge collateral (mortgages) to borrow funds they then use for consumer lending.
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