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What is the Federal Home Loan Bank System and when was it created?

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The first U.S. savings and loan association was founded in 1831. In 1932, the Federal Home Loan Bank System was created to oversee the savings and loan associations, with deposits to be insured by the Federal Savings and Loan Insurance Corporation (FSLIC).

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Get more facts and information about savings and loan association . Or, view the full encyclopedia entry from The Columbia Encyclopedia, Sixth Edition.

Similar questions: When was the Federal Home Loan Bank system established and what function does it have? What is the role of the Federal Home Loan Bank System and when was it established? The Federal Home Loan Bank System was created in what year and what is its role? [ Hide these questions ]

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