Federal Financing Bank

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.

Federal Financing Bank

Agency overview
Formed	December 29, 1973 (1973-12-29)[1]
Headquarters	Treasury Building Washington, D.C.
Employees	27
Agency executive	Christopher L. Tuttle, Director/Chief Financial Officer
Parent department	Department of the Treasury
Website	ffb.treasury.gov

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

• Title 12 of the Code of Federal Regulations
• United States Department of the Treasury