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Federal Home Loan Bank Act

Definition

The Federal Home Loan Bank Act, is a United States federal law passed under President Herbert Hoover in order to lower the cost of home ownership. It established the Federal Home Loan Bank Board to charter and supervise federal savings and loan institutions. It also created the Federal Home Loan Banks which lend to building and loan associations, cooperative banks, homestead associations, insurance companies, savings banks, community development financial institutions, and insured depository institutions in order to finance home mortgages.

What is 'Federal Home Loan Bank Act'

An act passed by the Hoover administration in 1932 that was designed to encourage home ownership by providing a source of low-cost funds for member banks to extend mortgage loans. The Federal Home Loan Bank Act was the first in a series of bills that sought to make home ownership an achievable goal for more Americans.

Explaining 'Federal Home Loan Bank Act'

Proponents of these measures argue that home ownership is an essential part of the American dream and that home ownership results in stronger local communities and a higher overall quality of living. However, critics claim that this long tradition of federal subsidies for mortgage loans distorted the housing market, culminating in overly lax lending standards and unnaturally high housing prices.


Further Reading


Federal Home Loan Bank Lending to Community Banks: Are Targeted Subsidies Desirable?
link.springer.com [PDF]
… 13. OFHEO was created by the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 … FEDERAL RESERVE BANK OF ATLANTA Table 1 Federal Home Loan Bank System Combined Balance Sheet as of March 31, 2006 … Mortgage loans (net) 103,530 10.3 …

Do Federal Home Loan Bank membership and advances increase bank risk-taking?Do Federal Home Loan Bank membership and advances increase bank risk-taking?
www.sciencedirect.com [PDF]
… 13. OFHEO was created by the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 … FEDERAL RESERVE BANK OF ATLANTA Table 1 Federal Home Loan Bank System Combined Balance Sheet as of March 31, 2006 … Mortgage loans (net) 103,530 10.3 …

Federal Home Loan Bank mortgage purchases: Implications for mortgage marketsFederal Home Loan Bank mortgage purchases: Implications for mortgage markets
search.proquest.com [PDF]
… 13. OFHEO was created by the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 … FEDERAL RESERVE BANK OF ATLANTA Table 1 Federal Home Loan Bank System Combined Balance Sheet as of March 31, 2006 … Mortgage loans (net) 103,530 10.3 …

Federal home loan bank advances and commercial bank portfolio compositionFederal home loan bank advances and commercial bank portfolio composition
onlinelibrary.wiley.com [PDF]
… 13. OFHEO was created by the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 … FEDERAL RESERVE BANK OF ATLANTA Table 1 Federal Home Loan Bank System Combined Balance Sheet as of March 31, 2006 … Mortgage loans (net) 103,530 10.3 …

Federal Home Loan Bank Advances and Commercial Bank Portfolio CompositionFederal Home Loan Bank Advances and Commercial Bank Portfolio Composition
papers.ssrn.com [PDF]
… 13. OFHEO was created by the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 … FEDERAL RESERVE BANK OF ATLANTA Table 1 Federal Home Loan Bank System Combined Balance Sheet as of March 31, 2006 … Mortgage loans (net) 103,530 10.3 …

Federal Home Loan Bank Lending to Community Banks: Are Targeted Subsidies Necessary?Federal Home Loan Bank Lending to Community Banks: Are Targeted Subsidies Necessary?
papers.ssrn.com [PDF]
… 13. OFHEO was created by the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 … FEDERAL RESERVE BANK OF ATLANTA Table 1 Federal Home Loan Bank System Combined Balance Sheet as of March 31, 2006 … Mortgage loans (net) 103,530 10.3 …

Should the FDIC worry about the FHLB? The impact of Federal Home Loan Bank advances on the Bank Insurance FundShould the FDIC worry about the FHLB? The impact of Federal Home Loan Bank advances on the Bank Insurance Fund
papers.ssrn.com [PDF]
… 13. OFHEO was created by the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 … FEDERAL RESERVE BANK OF ATLANTA Table 1 Federal Home Loan Bank System Combined Balance Sheet as of March 31, 2006 … Mortgage loans (net) 103,530 10.3 …


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