Federal Home Loan Bank Act

E182706

The Federal Home Loan Bank Act is a 1932 U.S. law that created a system of regional Federal Home Loan Banks to stabilize the mortgage market and support home financing during the Great Depression.

All labels observed (2)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf New Deal–era legislation
United States federal statute
banking law
amendedBy Financial Institutions Reform, Recovery, and Enforcement Act of 1989
Housing and Economic Recovery Act of 2008
codifiedIn Title 12 of the United States Code
country United States of America
surface form: United States
creates Federal Home Loan Bank Board
Federal Home Loan Bank System
Federal Home Loan Bank System
surface form: Federal Home Loan Banks
currentlyRegulatedBy Federal Housing Finance Agency
dateEnacted 1932-07-22
enactedDuring Great Depression
establishes regional Federal Home Loan Banks
establishesMechanism collateralized advances to member banks
fundingMechanism issuance of consolidated obligations by Federal Home Loan Banks
fundingSource contributions from member institutions
geographicScope nationwide in the United States
influencedBy need to support thrift institutions
jurisdiction United States government
surface form: United States federal government
laterAdministeredBy Federal Housing Finance Board
legislativeBody United States Congress
longTitleIncludes An Act to provide for the establishment of Federal Home Loan Banks
numberOfOriginalBanks 12
oversightInitiallyVestedIn Federal Home Loan Bank Board
partOf U.S. housing finance framework
policyGoal promotion of home ownership
stabilization of long-term mortgage credit
presidentAtEnactment Herbert Hoover
primaryPurpose to create a system of Federal Home Loan Banks
to stabilize the U.S. mortgage market
to support home financing
provides advances to member institutions
liquidity to mortgage lenders
regulates Federal Home Loan Bank System
surface form: Federal Home Loan Banks
relatedTo Federal Home Loan Mortgage Corporation
Fannie Mae
surface form: Federal National Mortgage Association

National Housing Act of 1934
responseTo banking crises of the early 1930s
shortage of mortgage credit during the Great Depression
sectorAffected housing finance
mortgage lending
signedBy Herbert Hoover
targetInstitutions cooperative banks
savings and loan associations
thrift institutions
typeOfRelief long-term credit support for housing
yearEnacted 1932

How these facts were elicited

Referenced by (13)

Full triples — surface form annotated when it differs from this entity's canonical label.

Herbert Hoover administration notableLegislation Federal Home Loan Bank Act
Public Law 110-289 amends Federal Home Loan Bank Act
Federal Home Loan Bank System legalBasis Federal Home Loan Bank Act
FHLBB legalBasis Federal Home Loan Bank Act
Federal Home Loan Bank of Pittsburgh regulatoryFramework Federal Home Loan Bank Act
Federal Home Loan Bank of Atlanta establishedBy Federal Home Loan Bank Act
Federal Home Loan Bank of Chicago establishedUnder Federal Home Loan Bank Act
Federal Home Loan Bank of Cincinnati regulatoryFramework Federal Home Loan Bank Act
Federal Home Loan Bank of Des Moines regulatoryFramework Federal Home Loan Bank Act
this entity surface form: U.S. Federal Home Loan Bank Act
Federal Home Loan Bank of Seattle regulatoryFramework Federal Home Loan Bank Act
this entity surface form: U.S. Federal Home Loan Bank Act
Public Law 101-73 amends Federal Home Loan Bank Act
Emergency Home Finance Act of 1970 relatedTo Federal Home Loan Bank Act
Community Investment Program regulatoryFramework Federal Home Loan Bank Act