Federal home loan banking act
WebAct. (5) FEDERAL BANKING AGENCIES.—The term ‘‘Federal bank-ing agencies’’ means the Office of the Comptroller of the Cur-rency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation. VerDate Mar 15 2010 17:09 Sep 18, 2024 Jkt 000000 PO 00000 Frm 00001 Fmt 9001 Sfmt 9001 … Web(8) the Federal Home Loan Bank Act [12 U.S.C. 1421 et seq.] should be amended to em-phasize that providing for financial safety and soundness of the Federal Home Loan Banks is the primary mission of the Federal Housing Finance Board. (Pub. L. 102–550, title XIII, §1302, Oct. 28, 1992, 106 Stat. 3941.) REFERENCES IN TEXT
Federal home loan banking act
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WebAny and all notes, debentures, bonds, and other such obligations issued by any bank, and consolidated Federal Home Loan Bank bonds and debentures, shall be exempt both as to principal and interest from all taxation (except surtaxes, estate, inheritance, and gift taxes) now or hereafter imposed by the United States, by any Territory, dependency, or … Web(1)(A) Bank.—The term "Federal Home Loan Bank" or "Bank" means a bank established under the authority of this chapter. (B) Bank system.—The term "Federal Home Loan Bank System" means the Federal Home Loan Banks under the supervision of the Director.
Web"(1) the terms 'depository institution' and 'Federal banking agency' have the same meanings as in section 3 of the Federal Deposit Insurance Act [12 U.S.C. 1813]; "(2) the term 'Federal home loan bank' has the same meaning as in section 2 of the Federal Home Loan Bank Act [12 U.S.C. 1422]; WebThe congressional response came in the form of the Federal Home Loan Bank Act that created a five-member Federal Home Loan Bank Board, whose role was to supervise a series of discount banks spread across the country. Initial capitalization of $125 million was provided. The intent of this system was to increase the supply of money available to ...
WebMar 16, 2024 · The FHLB Act created the Federal Home Loan Bank Board (FHLBB) as the regulator for the FHLBs and, a year later, savings associations. 63 Following the savings and loan debacle in the late 1980s, Congress replaced the FHLBB with the Federal Housing Finance Board (FHFB) to regulate the FHLBs. 64 The fact that the FHFB was … WebThe Federal Home Loan Bank Board merges the Los Angeles and Portland FHLBanks and moves the combined office to San Francisco — officially founding the Federal Home Loan Bank of San Francisco. August 9, 1989. The Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) becomes law and makes significant changes to the …
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WebTo amend the Federal Home Loan Bank Act to authorize privately insured credit unions to become members of a Federal home loan bank (H.R. 3584; 113th Congress) - a bill … dj taka brokenWebJun 30, 2024 · The FHLBank System was created by the Federal Home Loan Bank Act of 1932 as a government sponsored enterprise to support mortgage lending and community investment. The System is comprised of 11 regional banks that serve approximately 6,600 members representing America’s banks, credit unions, insurance companies and … dj taka vtWebThe size of the Federal Home Loan Bank System allows for flexible structur-ing of these advances, enabling each member to find a funding strategy to meet its needs. Maturities ... Federal Home Loan Bank Act, Pub. L. 72–304, 47 Stat. 725. 10. Each FHLB sets its own stock thresholds and structure. dj taka true blue album