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.Federal Financing Bank Act of 1973 (). 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. The FFB has statutory authority to purchase obligations issued, sold, or guaranteed by federal agencies; agency guarantees may cover all or part of the principal or interest.
, the FFB's net loans receivable totaled $220.74billion and its net position was $7.19billion.
See also Title 12 of the Code of Federal Regulations United States Department of the Treasury
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External links Official website