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Federalist Papers.A series of 85 essays written by Alexander Hamilton, John Jay, and James Madison (under the pseudonym Publius) expounding on and advocating the adoption of the U.S. Constitution. • Most of the essays were published in 1787 and 1788. — Also termed The Federalist.[Blacks Law 8th]

  federalism. The legal relationship and distribution of power between the national and regional governments within a federal system of government. cooperative federalism.Distribution of power between the federal government and the states in which each recognizes the powers of the other while jointly engaging in certain governmental functions. [Cases: States 4.19. C.J.S. States § 28.]…

federal intermediate credit bank.See BANK.[Blacks Law 8th]

Federal Insurance Contributions Act.The federal act imposing the social-security tax on employers and employees. IRC (26 USCA) §§ 3101–3127. — Abbr. FICA. [Cases: Internal Revenue 4376, 4377.][Blacks Law 8th]

federal instrumentality,n.1. A means or agency used by the national government. [Cases: United States 53. C.J.S. United States §§ 83, 88–95.] 2. A national agency or other entity immune from state control.[Blacks Law 8th]

Federal Housing Finance Board.A five-member independent federal board that supervises the 12 Federal Home Loan Banks. • Formerly known as the Federal Home Loan Bank Board, it was established by the Federal Home Loan Bank Act of 1932. That Act was amended by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.12 USCA §§…

Federal Housing Administration.The HUD division that encourages mortgage lending by insuring mortgage loans on homes meeting the agency’s standards. — Abbr. FHA. See DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. [Cases: United States 82(3.3).][Blacks Law 8th]

Federal Home Loan Mortgage Corporation.A corporation that purchases both conventional and federally insured first mortgages from members of the Federal Reserve System and other approved banks. — Abbr. FHLMC. — Also termed Freddie Mac.[Blacks Law 8th]

Federal Home Loan Bank Board.See FEDERAL HOUSING FINANCE BOARD.[Blacks Law 8th]

Federal Highway Administration.A unit in the U.S. Department of Transportation responsible for granting aid to states for highway construction and improvement; providing matching grants to states for highway-safety programs; seeking uniformity among the states in commercial motor-carrier registration and taxation; regulating the safety of motor carriers operating in interstate commerce; and training employees of state…