Federal Financing Bank

Federal Financing Bank
Agency overview
FormedDecember 29, 1973 (1973-12-29)
Headquarters
Employees27
Agency executive
Parent department
Department of the Treasury
Websiteffb.treasury.gov

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. 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.

As of 30 September 2025, the FFB's net loans receivable totaled $220.74 billion and its net position was $7.19 billion.

See also

Notes

  1. ↑ "Public Law 93-224". United States Congress. December 29, 1973.
  2. ↑ Federal Financing Bank Act of 1973 (12 U.S.C. § 2281).
  3. ↑ "About the FFB". U.S. Department of the Treasury. Retrieved September 10, 2026.
  4. ↑ "Federal Financing Bank Annual Report 2025" (PDF). Federal Financing Bank. Retrieved September 12, 2026.

References