Federal Housing Finance Board
Seal
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| Board overview | |
|---|---|
| Formed | December 18, 1990 |
| Preceding board |
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| Dissolved | July 30, 2009 |
| Superseding agency | |
| Board executive |
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The Federal Housing Finance Board (FHFB) 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oversight of the Federal Home Loan Banks (FHLBs or FHLBanks) from the Federal Home Loan Bank Board (FHLBB), and was superseded by the Federal Housing Finance Agency (FHFA) in 2008.
The FHFB provided regulatory oversight of the nation's Federal Home Loan Banks (FHLBs). The eleven regional FHLBs are privately held government sponsored enterprises that ensure the supply of funds to local lenders that, in turn, finance loans for home mortgages. The FHLBs are located in Atlanta, Boston, Chicago, Cincinnati, Dallas, Des Moines, Indianapolis, New York, Pittsburgh, San Francisco, and Topeka. Each bank serves a separate, non-overlapping district within the United States.
The FHFB was headquartered in Washington, D.C. and led by a five-member board. Four board members were appointed by the President for seven-year terms, and the fifth member is either the Secretary of Housing and Urban Development or the Secretary's designee.
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