Federal Home Loan Bank Board
Encyclopedia
The Federal Home Loan Bank Board (FHLBB) was a board created by the Federal Home Loan Bank Act
of 1932 that created and oversaw the Federal Home Loan Banks
(FHLB or FHLBanks) also created by the act. It was superseded by the Federal Housing Finance Board
and the Office of Thrift Supervision
in the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA).
Federal Home Loan Bank Act
The Federal Home Loan Bank Act, , is a United States federal law passed under President Herbert Hoover in order to lower the cost of home ownership.It established the Federal Home Loan Bank Board to charter and supervise federal savings and loan institutions...
of 1932 that created and oversaw the Federal Home Loan Banks
Federal Home Loan Banks
The Federal Home Loan Banks are 12 U.S. government-sponsored banks that provide stable, on-demand, low-cost funding to American financial institutions for home mortgage loans, small business, rural, agricultural, and economic development lending...
(FHLB or FHLBanks) also created by the act. It was superseded by the Federal Housing Finance Board
Federal Housing Finance Board
The Federal Housing Finance Board was an independent agency of the United States government established in 1989 in the aftermath of the savings and loan crisis to take over oversight of the Federal Home Loan Banks , and was superseded by the Federal Housing Finance Agency in 2008.The FHFB...
and the Office of Thrift Supervision
Office of Thrift Supervision
The Office of Thrift Supervision was a United States federal agency under the Department of the Treasury that charters, supervises, and regulates all federally- and state-chartered savings banks and savings and loans associations. It was created in 1989 as a renamed version of another federal agency...
in the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA).