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Federal Financing Bank |
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Federal Financing Bank A federal institution that lends to a wide array of federal credit agencies funds it obtains by borrowing from the US Treasury. |
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| Coopchik recently completed a refinancing of the project's construction loan by securing a $180 million construction loan from the Federal Financing Bank (FFB). Also in 1973, the REA got the authority to fully guarantee loans made to electric and telephone borrowers by the Federal Financing Bank (which lends money at a rate barely above cost) and by private sources. 1 billion of outstanding debt (primarily through Federal Financing Bank obligations). |
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