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 ⓘ
creates Federal Home Loan Bank Board ⓘ
Federal Home Loan Bank System ⓘ
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 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 Banks ⓘ
relatedTo Federal Home Loan Mortgage Corporation ⓘ
Federal National Mortgage Association ⓘ
linked to: Fannie Mae

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 (14)

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 → U.S. Federal Home Loan Bank Act ⓘ
linked to: Federal Home Loan Bank Act
Federal Home Loan Bank of Seattle → regulatoryFramework → U.S. Federal Home Loan Bank Act ⓘ
linked to: 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 ⓘ