United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office General Government Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1993-12-08 monographic deposited born digital GA 1.13:GGD-94-38 https://www.govinfo.gov/app/details/GAOREPORTS-GGD-94-38 P0b002ee180379d90 f:gg94038 DGPO 2010-08-12 2011-03-23 GAOREPORTS-GGD-94-38 machine generated eng fdlp REPORT GAOREPORTS-GGD-94-38 GGD-94-38 Government sponsored enterprises Financial management systems Federal corporations Regulatory agencies Mortgage loans Banking regulation Insured commercial banks Federal aid for housing Mortgage programs Financial institutions Federal Home Loan Bank Modernization Act of 1993 FHFB System 2000 Plan RTC Affordable Housing Program Bank Insurance Fund RTC Community Investment Program Farm Credit System Savings Association Insurance Fund BIF SAIF Chapter Report GGD In response to the savings and loan disaster, Congress overhauled federal regulation of the thrift industry. Many of these changes directly affected the Federal Home Loan (FHL) Bank System, which was established in the 1930s to facilitate mortgage lending to homebuyers. This report answers the following questions: Can the FHL Bank System pay its assessment for affordable housing and for cleaning up the savings and loan mess while carrying out its mission? What are appropriate capital standards for the FHL Bank system? Should the terms of membership in the FHL Bank System be changed? What is, and what should be, the role of the FHL Bank system in affordable housing, and how would system consolidation affect this? Should the FHL Bank System be allowed to offer new products and services? GAO also discusses needed changes in the corporate governance and regulation of the system. https://www.govinfo.gov/content/pkg/GAOREPORTS-GGD-94-38/html/GAOREPORTS-GGD-94-38.htm GAO/GGD-94-38 https://www.govinfo.gov/app/details/GAOREPORTS-GGD-94-38 Chapter Report GAO/GGD-94-38; Federal Home Loan Bank System: Reforms Needed to Promote Its Safety, Soundness, and Effectiveness; Government sponsored enterprises Financial management systems Federal corporations Regulatory agencies Mortgage loans Banking regulation Insured commercial banks Federal aid for housing Mortgage programs Financial institutions Federal Home Loan Bank Modernization Act of 1993 FHFB System 2000 Plan RTC Affordable Housing Program Bank Insurance Fund RTC Community Investment Program Farm Credit System Savings Association Insurance Fund BIF SAIF