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The Federal Housing Finance Board
The Federal Home Loan Banks (FHLBanks) are regulated by the Federal Housing Finance Board, an independent agency within the executive branch of the federal government.
The Finance Board’s mission is to ensure that that the FHLBanks operate in a safe and sound manner, carry out their housing and community-development finance missions and remain solidly capitalized.
The Finance Board consists of a five-director board—one of whom is the Secretary of Housing & Urban Development (HUD) or the Secretary’s designee. The other four directors are appointed by the President and subject to Senate confirmation.
The current Finance Board directors are:
Chairperson, Ronald A. Rosenfeld
Director, Secretary of Housing and Urban Development, Alphonso Jackson
Director, Alicia R. Castaneda
Director, Allan I. Mendelowitz
Director, Geoffrey S. Bacino
The Finance Board is supported by annual assessments of the twelve FHLBanks. No tax dollars, nor other appropriations are used to support the operations of the FHFB or the FHLBank System.
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