The Federal Savings and Loan Insurance Corporation (FSLIC) was established by the National Housing Act of 1934 and placed under the supervision of the Federal Home Loan Bank Board
. The FSLIC was created to provide federal insurance for savings accounts of up to $5000 at S&Ls.
(5.) At that time, the Federal Home Loan Bank System consisted of 12 Banks (similar in charter and organization to the 12 Federal Reserve Banks), the Federal Savings and Loan Insurance Corporation (similar to the FDIC), the Home Owners Loan Corporation, the Federal Home Loan Bank Board
(analogous to the Federal Reserve Board) to oversee the System, and charter federal savings and loans (equivalent to the Office of the Comptroller of the Currency).
Despite the Federal Home Loan Bank Board
(FHLBB) chairman's belief that historical cost information fails to account for financial institutions' true performance, a task force that was commlssioned by the FHLBB in the early 1980s recommended against any broad use of market value accounting.
He says the Federal Home Loan Bank Board
encouraged institutions to make loans nationwide.
We learn of the increasing importance of thrifts in the residential mortgage market between 1900 and 1930 and of the Depressionera federal regulatory structure that saved the industry from collapse--the Federal Home Loan Bank Board
(a federal chartering agency), the Federal Savings and Loan Insurance Corporation (provider of deposit insurance), and the Federal Housing Administration (guarantor of home mortgages).
In the last days of 1988, the Federal Home Loan Bank Board
(F.H.L.B.B.) sold dozens of bankrupt savings and loan institutions.
The whole idea was the Dallas-based, Republican-administered Federal Home Loan Bank Board
's to begin with.
Imperatore Professor of Economics at New York University Stern School of Business and a former member of the Federal Home Loan Bank Board
The result of the October survey by the FHFB (formerly done by the Federal Home Loan Bank Board
) provides the basis for calculating the statutory conventional mortgage limits for Freddie Mac and Fannie Mae mortgage purchases of one- to four-family residential loans (i.e., "conforming loan limits.") The FHFB surveys the purchase price reported on conventional loans closed in the first five days of the month by commercial banks, savings and loan associations, savings banks and mortgage companies responding to the FHFB survey.
4, 1986, by the Federal Home Loan Bank Board
because of major losses that led to its insolvency.
In March of this year the Board, together with the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Home Loan Bank Board
, adopted a CRA Policy Statement to provide guidance to institutions and to community groups and to clarify a number of issues that have arisen in enforcing the CRA.
ARMs have accounted for up to 60 percent (and never less than 20 percent) of new home loans in every month since April of 1980, when the Federal Home Loan Bank Board
started keeping ARM statistics.