Is the Federal Home Loan Bank System regulated?
Yes, the Federal Housing Finance Board (FHFB) regulates the 12 Federal Home Loan Banks and the Office of Finance (OF). The FHFB’s five members are appointed by the President and must be confirmed by the U. S. Senate. The FHFB is responsible for monitoring the ability of the FHLBank System to sustain its core business within prudent risk limitations, while fulfilling its public policy mission. The FHFB conducts annual on-site examinations of the FHLB and the Office of Finance, as well as off-site review of their financial operations.
