Federal agency that regulates the 12 federal home loan banks.
A regulatory agency created in 1989 to oversee the 12 Federal Home Loan Banks. It replaced the Federal Home Loan Bank Board (FHLBB).
It oversees the credit functions of the twelve regional Federal Home Loan Banks.
Federal agency created under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) to regulate and supervise the 12 district Federal Home Loan Banks. The functions of the Board were the responsibility of the Federal Home Loan Board prior to passage of the Act.
The Finance Board oversees the 12 Federal Home Loan Banks and the Office of Finance. It ensures the safety and soundness of the bank system, establishes policy for the Community Investment Cash Advances program, and the Community Support Program. It also oversees the FHLB's financial performance and operations, and evaluates banks' achievements of public policy.
The Federal Housing Finance Board (FHFB) is an independent agency of the U.S. Government. Created by the Financial Institutions Reform, Recovery and Enforcement Act of 1989 in the aftermath of the Savings and Loan crisis, the FHFB replaced the now-defunct Federal Home Loan Bank Board.