World Library  
Flag as Inappropriate
Email this Article

Federal Financing Bank

Article Id: WHEBN0028691236
Reproduction Date:

Title: Federal Financing Bank  
Author: World Heritage Encyclopedia
Language: English
Subject: Intragovernmental holdings, United States Department of the Treasury, Office of Tax Policy, Office of Terrorist Financing and Financial Crimes, Office of Financial Markets (U.S.)
Publisher: World Heritage Encyclopedia

Federal Financing Bank

Federal Financing Bank
Agency overview
Formed 1973
Headquarters Treasury Building
Washington, D.C.
Employees 17
Agency executive Gary H. Burner, Chief Financial Officer
Parent agency Department of the Treasury

The Federal Financing Bank (FFB) is a United States government corporation, created by Congress in 1973 under the general supervision of the Secretary of the Treasury.[1] The FFB was established to centralize and reduce the cost of federal borrowing, as well as federally assisted borrowing from the public. The FFB was also established to deal with federal budget management issues which occurred when off-budget financing flooded the government securities market with offers of a variety of government-backed securities that were competing with Treasury securities. Today the FFB has statutory authority to purchase any obligation issued, sold, or guaranteed by a federal agency to ensure that fully guaranteed obligations are financed efficiently. As of September 2010 it has assets of $61.6bn with a net position of $3.8bn.[2] At August 2013, its debts totalled $73.1 billion.[3]

See also


  1. ^ Federal Financing Bank Act of 1973 (12 USC 2281, the Act)
  2. ^ FFB Financial Statement year end September 2010 - Federal Financing Bank, 10 Nov 2010
  3. ^ Federal Financing Bank Press Release


  • "Federal Financing Bank". AllGov: Everything Our Government Really Does ( Retrieved 2010-09-04. 
  • "Facts on the Federal Financing Bank". CQToday, May 19, 2008 (CQ-Roll Call Group). Retrieved 2010-09-04. 
  • Financial Statements (With Independent Auditors’ Report Thereon), September 30, 2009 and 2008., retrieved 2010-09-04 

External links

  • Official website
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.

Copyright © World Library Foundation. All rights reserved. eBooks from World eBook Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.