Federal Financing Bank (FFB)
photo credit: Alun Salt
The Federal Financing Bank (FFB) is a government corporation, created by Congress in the Federal Financing Bank Act of 1973 (12 U.S.C. 2281 et seq.), under the general supervision of the Secretary of the Treasury (31 U.S.C. 305).
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 that 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 any obligation issued, sold, or guaranteed by a federal agency.
- “Budget Treatment of the Federal Financing Bank,” Statement of Harry S. Havens, Director, Program Analysis Division, U.S. General Accounting Office (GAO), July 19, 1977 (7-page PDF)
- “The Federal Government Faces Continuing Financial Management and Long-Term Fiscal Challenges,” GAO-12-444T, Mar 1, 2012
- “‘Extraordinary Measures’ and the Debt Limit,” CRS Insight IN10837 (6-page PDF)
- “Federal Government Corporations: An Overview,” CRS Report RL30365 (21-page PDF)
- “The Debt Limit Since 2011,” CRS Report R43389 (37-page PDF)
- “Small Business Administration (SBA) Funding: Overview and Recent Trends,” CRS Report R43846 (57-page PDF)
- Congressional Operations Briefing – Capitol Hill Workshop
- Drafting Federal Legislation and Amendments
- Writing for Government and Business: Critical Thinking and Writing
- Custom, On-Site Training
- Congressional Operations Poster, with Federal Budget Process Flowchart
- Federal Budgeting, a Five-Course series on CD
- Congress, the Legislative Process, and the Fundamentals of Lawmaking Series, a Nine-Course series on CD
The Federal Budget Process 2E
Citizen’s Handbook to Influencing Elected Officials: A Guide for Citizen Lobbyists and Grassroots Advocates
CongressionalGlossary.com, from TheCapitol.Net
For more than 40 years, TheCapitol.Net and its predecessor, Congressional Quarterly Executive Conferences, have been teaching professionals from government, military, business, and NGOs about the dynamics and operations of the legislative and executive branches and how to work with them.
Our custom on-site and online training, publications, and audio courses include congressional operations, legislative and budget process, communication and advocacy, media and public relations, testifying before Congress, research skills, legislative drafting, critical thinking and writing, and more.
TheCapitol.Net is on the GSA Schedule, MAS, for custom on-site and online training. GSA Contract GS02F0192X
TheCapitol.Net is a non-partisan small business.
Teaching how Washington and Congress work ™