Federal Home Loan Bank Act
The Federal Home Loan Bank Act, Pub.L. 72–304, 47 Stat. 725, enacted July 22, 1932, is a United States federal law passed under President Herbert Hoover in order to lower the cost of home ownership. It established the Federal Home Loan Bank Board to charter and supervise federal savings and loan institutions. It also created the Federal Home Loan Banks which lend to building and loan associations, cooperative banks, homestead associations, insurance companies, savings banks, community development financial institutions, and insured depository institutions in order to finance home mortgages.
primaryTopic
Federal Home Loan Bank Act
The Federal Home Loan Bank Act, Pub.L. 72–304, 47 Stat. 725, enacted July 22, 1932, is a United States federal law passed under President Herbert Hoover in order to lower the cost of home ownership. It established the Federal Home Loan Bank Board to charter and supervise federal savings and loan institutions. It also created the Federal Home Loan Banks which lend to building and loan associations, cooperative banks, homestead associations, insurance companies, savings banks, community development financial institutions, and insured depository institutions in order to finance home mortgages.
has abstract
The Federal Home Loan Bank Act ...... der to finance home mortgages.
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Wikipage page ID
Wikipage revision ID
723,860,299
cite public law
committees
conferencedate
1932-07-13
effective date
1932-07-22
enacted by
introducedby
Michael Reilly
introduceddate
1932-05-25
introducedin
longtitle
An Act to create Federal Home ...... ereof, and for other purposes.
Nickname
Federal Home Loan Bank Act of 1932
passedbody
passeddate
1932-06-15
1932-07-12
1932-07-16
passedvote
public law url
sections created
§ 1421 et seq.
shorttitle
Federal Home Loan Bank Act
signeddate
1932-07-22
signedpresident
Herbert Hoover
title amended
comment
The Federal Home Loan Bank Act ...... der to finance home mortgages.
@en
label
Federal Home Loan Bank Act
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