Federal Financing Bank

Categories: Credit and Debt,

FFB. U. S. Treasury agency that centralizes and coordinates borrowings by federal credit agencies and others, in order to lower costs and increase efficiencies. Established in 1973, the Federal Financing Bank also deals with federal budget management issues. according to the u.s. treasury, the FFB has the "statutory authority to purchase any obligation issued, sold, or guaranteed by a federal agency to ensure that fully guaranteed obligations are financed efficiently."