The Federal Housing Board's Responsibility for Safety and Soundness and Mission Regulation of the Federal Home Loan Bank System
The Federal Housing Board's Responsibility for Safety and Soundness and Mission Regulation of the Federal Home Loan Bank System

Author: Richard H. Baker

Publisher: DIANE Publishing

Published: 2000-07

Total Pages: 325

ISBN-13: 0788189603

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A hearing to discuss the General Accounting Office (GAO) audit of the Federal Housing Finance Board, which is the safety & soundness & mission regulator of the Federal Home Loan Bank. Witnesses: Richard S. Carnell, Assist. Sec. of the Treasury for Financial Institutions; Nancy R. Kingsbury, Acting Assistant Comptroller General, General Government Programs, GAO, accompanied by Thomas J. McCool, Dir., Financial Institutions & Markets; & Bruce A. Morrison, Chairman, Federal Housing Finance Board. Also includes a prepared statement submitted by Federal Housing Finance Board Director J. Timothy O'Neill.

Federal Housing Finance Board
Federal Housing Finance Board

Author: Thomas J. McCool

Publisher: DIANE Publishing

Published: 1999-04

Total Pages: 138

ISBN-13: 9780788178344

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Reviews the Federal Housing Finance Board's (FHFB) safety and soundness and mission compliance oversight. Evaluates (1) FHFB's annual safety and soundness and mission compliance examinations of FHFB banks; (2) other aspects of FHFB's oversight; and (3) the status of FHFB's involvement in System business. The System consists of 12 regional FHFB banks, each with its own board of directors and management, that are cooperatively owned and controlled by member institutions in their districts. However, each FHFB bank is jointly and severally liable for the System's consolidated debt. Charts and tables.