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FG 124 (Federal Home Loan Bank Board)

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These Presidential historical materials are in the custody of the National Archives and Records Administration under the provisions of Title I of the Presidential Recordings and Materials Preservation Act of 1974 (44 U.S.C. 2111 note), and implementing regulations. In accordance with the act and regulations, archivists reviewed the file group to identify private or personal as well as non-historical items. Such items, if found, have been withdrawn for return to the individual with primary proprietary or commemorative interest in them.

Materials covered by this act have been archivally processed and are described in this finding aid. Items that are security classified or otherwise restricted under the act and regulations have been removed and placed in a closed file. A Document Withdrawal Record (NA Form 14021) has been placed in the front of each folder describing each withdrawn item. Employees of the National Archives will review periodically the unclassified portions of closed materials for the purpose of opening those which no longer require restrictions. Classified documents may be reviewed for declassification under authority of Executive Order 13526 in response to Mandatory Review Request (NA Form 14020) submitted by the researcher.

  • Linear measurement of materials:   4.5 in.
  • Approximate number of pages:   730

Organization Information

The Federal Home Loan Bank Board (FHLBB) was made an independent agency in the executive branch under section 109(a)(3) of the Housing Amendments of 1955. The FHLBB was to encourage thrift and economical home ownership through supervision of the Federal Home Loan Bank System, the Federal Savings and Loan System, and the Federal Savings and Loan Insurance Corporation. The Board consisted of three members, appointed by the President by and with the advice and consent of the Senate.

Scope and Content Note

The records consist of correspondence, memorandums, reports, press releases, and newsclippings. Primary correspondents are the President, Stephen Bull, Ken Cole, John Ehrlichman, Peter Flanigan, Paul McCracken, Kenneth W. Dam, William Timmons, Preston Martin, Carl O. Kamp, and Thomas Bomar. Topics include legislation relating to FHLBB activities, development of a second mortgage market, interest rates, relocation of savings and loans, mortgage loan statistics, and appointments and resignations of FHLBB members. Oversize attachment 11909 has been processed and integrated into the collection.

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