Financial Regulation Review of Selected Operations of the Federal Housing Finance Board

The Federal Home Loan Bank System faces additional risks due to the development of new products such as direct mortgage purchase programs. Responding to concern about the methods used for admin. decisionmaking, & the ability of the Fed. Housing Finance Board (FHFB) to fulfill its critical mission to regulate the safety & soundness of the System, the GAO was asked to: (1) compare the FHFB chair's admin. authorities with those of other financial regulators & discuss the basis for that authority; (2) assess FHFB's compliance with selected statutes & regulations. in connection with an Aug. 2002 reduction-in-force carried out as part of an agency reorganization; & (3) assess FHFB's progress in enhancing its FHLBank safety & soundness exam'n. program.McCool, Thomas J. is the author of 'Financial Regulation Review of Selected Operations of the Federal Housing Finance Board' with ISBN 9780756733582 and ISBN 0756733588.