Is federal home loan bank guaranteed by the US government?

No, Federal Home Loan Banks (FHLBs) are not explicitly guaranteed by the U.S. government. However, they are considered government-sponsored enterprises (GSEs), which means they have a special relationship with the government that provides them with certain advantages, such as access to low-cost capital. This can create an implicit expectation of support during financial distress, but it does not constitute a direct government guarantee.