Federal Home Loan Bank Board

The Federal Home Loan Bank Board (FHLBB) was a U.S. government agency responsible for overseeing and regulating the Federal Home Loan Bank System and savings and loan associations (thrifts). It aimed to promote stability in the housing finance market, ensure the soundness of thrift institutions, and support affordable homeownership. Established in 1932, the FHLBB set regulations, supervised institutions, and facilitated the flow of funds for housing loans. It was disbanded in 1989, with its functions transferred to the Federal Housing Finance Board and other agencies.