​	​This report combines the progress and accomplishments for fiscal year (FY)2008 of the Federal Housing Finance Agency (FHFA), the Federal Housing Finance Board (FHFB) and the Office of Federal Housing E​nterprise Oversight (OFHEO). Related News Release​

Federal Housing Finance Agency (FHFA) Report

Message from the FHFA Director
FHFA Purpose and Structure
FHFA Performance Highlights
FHFA Management Challenges

Federal Housing Finance Board (FHFB) Performance and Accountability Report

Management’s Discussion and Analysis

• Overview
• Program Performance Summary
• Financial Performance Summary

Program Performance

• Overview
• Strategic Goal 1
• The Federal Home Loan Banks Operate Safely and Soundly.
• Strategic Goal 2
• The Federal Home Loan Banks’ Affordable Housing and Community Investment Programs Operate Effectively and Efficiently

Financial Performance

• Message from the Chief Financial Officer
• Letter from the Inspector General
• Report of Independent Auditors
• Financial Statements
• Notes to the Financial Statements

Appendix

• Glossary

Management’s Discussion and Analysis

• Overview
• Performance Summary
• Financial Summary

Performance Section

• Overview
• Strategic Goal 1
• Enhance supervision to ensure the Enterprises operate in a safe and sound manner, are adequately capitalized, and comply with legal requirements.
• Strategic Goal 2
• Provide support for statutory reforms to strengthen our regulatory powers.
• Strategic Goal 3
• Continue to support the national policy of an efficient secondary mortgage market which promotes homeownership and affordable housing.
• Resource Management Strategy
• Manage effectively OFHEO’s human capital and other resources to support our mission.

Financial Section

• Message from the Chief Financial Officer
• Statement of Assurance
• Report of Independent Auditors
• Financial Statements
• Notes to the Financial Statements

Appendix

• Glossary

Appendix

• Index of Figures and Features

Federal Housing Finance Agency Key Management Officials