Family Financial Centers Act

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 - Requires each Federal Home Loan Bank to use its best efforts to make as large an amount of dividend distributions as is consistent with carrying out its other functions under the Federal Home Loan Bank Act.

Authorizes any Federal Home Loan Bank or the Federal Home Loan Mortgage Corporation to pledge the full faith and credit of the United States Government for payment of any obligation issued by a member for which more than one mortgage loan is pledged as collateral.

Reorganizes the Federal Home Loan Bank Board.

Title III: National Housing Act Amendments - Insures fully savings accounts in Federal savings and loan associations. (Presently accounts are insured to a maximum of $40,000).

Title IV: Miscellaneous - Prohibits the issuance of obligations of the United States in denominations less than $10,000, with the exception of savings bonds.