Federal Housing Finance Board (FHFB)

A 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 Bank Board prior to passage of the Act.

Independent federal agency created by the 1989 savings and loan bailout law to supervise the 11 Federal Home Loan Banks. The board has five members, including the secretary of Housing and Urban Development, and four directors appointed by the president with Senate confirmation to serve seven-year terms. At least one director represents the interests of community groups.

A 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 Bank Board prior to passage of the Act.