FEDERAL HOUSING FINANCE BOARD

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 §§ 1421 et seq.[Blacks Law 8th]