Federal Financing Bank Financial Statements, September 30, 2009 and 2008 (With Independent Auditors' Report Thereon)

摘要

The Federal Financing Bank (the Bank) is a government corporation under the general supervision and direction of the Secretary of the Treasury. It was created by the Congress in 1973, at the request of the U.S. Department of the Treasury (Treasury). The Bank actively borrows from Treasury and lends to Federal agencies and private borrowers that have Federal guarantees. The Bank also has a debt obligation to the Civil Service Retirement and Disability Fund. The mission of the Bank is to reduce the costs of Federal and federally assisted borrowings, to coordinate such borrowings with the Governments overall fiscal policy, and to ensure that such borrowings are done in ways that least disrupt private markets. To accomplish this mission, the Bank exercises its broad statutory authority to purchase obligations issued, sold, or guaranteed by Federal agencies. The Bank was formed to be the vehicle through which Federal agencies finance programs involving the sale or placement of credit market instruments, including agency securities, guaranteed obligations, participation agreements, and the sale of assets.