 Seal | |
| Board overview | |
|---|---|
| Formed | July 22, 1932 |
| Dissolved | October 8, 1989 |
| Superseding agencies | |
The Federal Home Loan Bank Board (FHLBB) was a U.S. board created by the Federal Home Loan Bank Act in 1932 that governed the Federal Home Loan Banks (FHLB or FHLBanks), also created by the act; the Federal Savings and Loan Insurance Corporation (FSLIC); and nationally-chartered thrifts.[1] It was abolished and superseded by the Federal Housing Finance Board and the Office of Thrift Supervision in 1989 due to the savings and loan crisis of the 1980s, as Federal Home Loan Banks gave favorable lending to the thrifts it regulated, leading to regulatory capture.[1]
- ^ a b Day, Kathleen (2019). Broken Bargain: Bankers, Bailouts, and the Struggle to Tame Wall Street. Yale University Press. pp. 134–142. ISBN 9780300223323. LCCN 2018943787.