Title 12, Banks and BankingRelease 119-102
§2283 Creation of Federal Financing Bank
Title 12 › CHAPTER 24 — FEDERAL FINANCING BANK › § 2283
Summary
A Federal Financing Bank is created and will keep operating until Congress passes a law to end it. The Treasury Secretary will oversee the bank, it is part of the U.S. government, and it must keep whatever offices it needs to do its work.
Full Legal Text
Title 12, §2283
Banks and Banking, Source: USLM XML via OLRC
There is hereby created a body corporate to be known as the Federal Financing Bank, which shall have succession until dissolved by an Act of Congress. The Bank shall be subject to the general supervision and direction of the Secretary of the Treasury. The Bank shall be an instrumentality of the United States Government and shall maintain such offices as may be necessary or appropriate in the conduct of its business.
Reference
Citations & Metadata
Citation
12 U.S.C. § 2283
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102