Federal Financing Bank
United States government corporation
- Christopher L. Tuttle, Director/Chief Financial Officer
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.[2] 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 2022[update], the FFB had $85.7 billion in assets and $79.1 billion in liabilities, for a net position of $6.5 billion.[3]
See also
Notes
References
- "Federal Financing Bank". AllGov: Everything Our Government Really Does. Allgov.com. Retrieved September 4, 2010.
- "Facts on the Federal Financing Bank" (PDF). CQToday, May 19, 2008. CQ-Roll Call Group. Retrieved September 4, 2010.
- Financial Statements (With Independent Auditors' Report Thereon), September 30, 2009 and 2008. (PDF), retrieved September 4, 2010
External links
- Official website
- v
- t
- e
- Headquarters: Treasury Building and Freedman's Bank Building
- Janet Yellen, Secretary of the Treasury
- Wally Adeyemo, Deputy Secretary of the Treasury
of the Treasury
- Alcohol and Tobacco Tax and Trade Bureau
- Community Development Financial Institutions Fund
- Internal Revenue Service
- Treasury Inspector General for Tax Administration
- Office of Inspector General
- Office of the Comptroller of the Currency
- Office of Tax Policy
of the Treasury
for International Affairs
- Office of East Asia
- Office of South and Southeast Asia Nations
- Office of Europe & Eurasia
- Office of the Western Hemisphere
- Office of International Monetary Policy
- Office of Banking and Securities
- Office of International Debt Policy
- Office of Development Policy
- Office of Financing Operations
- Office of African Nations
- Office of the Middle East and North Africa
- Office of International Trade
- Office of International Investment
- Office of Trade Finance
- Office of Technical Assistance
- Office of Risk and Research Analysis
- Exchange Stabilization Fund
the Treasury for
Domestic Finance
- Advanced Counterfeit Deterrence
- Federal Financing Bank
- Office of Debt Management
- Office of Financial Institutions
- Office of Financial Markets
- Office of Financial Stability
- Office of Fiscal Service
- Bureau of the Fiscal Service
the Treasury for Terrorism
and Financial Intelligence
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