Family Financial Centers Act

[AI summary unavailable — showing source text] Family Financial Centers Act - Title I: Home Owners Loan Act of 1933 Amendments - Provides, under the Home Owners Loan Act of 1933, that in addition to providing financing for homes it shall also be the purpose of Federal savings and loan associations to provide financing for other goods and services to accomodate the needs of individuals and families. Authorizes the Federal Home Loan Bank Board to provide by special permit for Federal savings and loan associations, when not in contravention of State or local law, to act as trustee, executor, administrator, and guardian of estates and to act in other fiduciary capacities. Empowers Federal savings and loan associations to raise capital in the form of demand as a means of offering checking account services to individuals and to any corporation or other organization operated primarily for purposes of building, equipping, acquiring, selling, financing, or insuring residential real estate. Sets forth regulations controlling the actions of Federal savings and loan associations exercising the powers granted by this Act to act as fiduciaries and to raise capital through demand deposits. Title II: Federal Home Loan Bank Act Amendments - Req…