The Federal Farm Credit Banks Funding Corporation (FFCBFC) based in
Jersey City
Jersey City is the second-most populous city in the U.S. state of New Jersey, after Newark.[New Jersey
New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware ...]
is an entity within the
Farm Credit System
The Farm Credit System (FCS) in the United States is a nationwide network of borrower-owned lending institutions and specialized service organizations. The Farm Credit System provides more than $304 billion in loans, leases, and related services t ...
(FCS) that manages and coordinates the sale of system-wide bonds and notes in the national
financial market
A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds, raw materials and precious metals, which are known in the financial markets ...
s. Since the FCS, by law, is not permitted to accept customer deposits, these bonds and notes are the FCS’s primary source of loanable funds.
References
External links
Official website
{{Authority control
United States Department of Agriculture agencies
Financial services companies based in New Jersey
Agricultural finance