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State-owned Enterprises Of The United States
The United States federal government chartered and owned corporations operate to provide public services. Unlike government agencies such as the Environmental Protection Agency, the Bureau of Indian Affairs, or independent commissions, such as the Federal Communications Commission, the Nuclear Regulatory Commission, and others, they have a separate legal personality from the federal government. This gives them a higher level of political independence. Some receive federal budgetary appropriations, while some have independent sources of revenue. Federal-government-acquired corporations Federal-government-acquired corporations' are a separate set of corporations that were originally chartered and created by an entity other than the U.S. federal government, but that were, at some point, nationalized by the federal government. Most of these are corporations temporarily in possession of the government as a result of a seizure of property of a debtor to the government, such as a d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Government Of The United States
The Federal Government of the United States of America (U.S. federal government or U.S. government) is the Federation#Federal governments, national government of the United States. The U.S. federal government is composed of three distinct branches: United States Congress, legislative, President of the United States, executive, and Federal judiciary of the United States, judicial. Powers of these three branches are defined and vested by the Constitution of the United States, U.S. Constitution, which has been in continuous effect since May 4, 1789. The powers and duties of these branches are further defined by Act of Congress, Acts of Congress, including the creation of United States federal executive departments, executive departments and courts subordinate to the Supreme Court of the United States, U.S. Supreme Court. In the Federalism in the United States, federal division of power, the federal government shares sovereignty with each of the 50 states in their respective t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is a State-owned enterprises of the United States, United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this has been increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of the government of the United States, and according to the FDIC, "since its start in 1933 no depositor has ever lost a penny of FDIC-insured funds". Deposits placed wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Liquidity Facility
The Central Liquidity Facility (CLF) is a mixed-ownership United States (U.S.) government corporation created to improve the general financial stability of credit unions by serving as a liquidity lender to credit unions experiencing unusual or unexpected liquidity shortfalls. Member credit unions own the CLF which exists within the National Credit Union Administration (NCUA). The President of the CLF manages the facility under the oversight of the NCUA Board. The Central Liquidity Facility was created by the U.S. Congress in 1998 with the National Credit Union Central Liquidity Facility Act, Subchapter III of the Federal Credit Union Act. The primary purpose of the CLF is to provide loans to credit unions to meet short or long term liquidity needs. It performs the same general functions for credit unions that the Federal Reserve System performs for member banks. The Central Liquidity Facility is backed by the credit of the U.S. government. The CLF may borrow up to 12 times its subs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Corporation For Housing Partnerships
National may refer to: Common uses * Nation or country ** Nationality – a ''national'' is a person who is subject to a nation, regardless of whether the person has full rights as a citizen Places in the United States * National, Maryland, census-designated place * National, Nevada, ghost town * National, Utah, ghost town * National, West Virginia, unincorporated community Commerce * National (brand), a brand name of electronic goods from Panasonic * National Benzole (or simply known as National), former petrol station chain in the UK, merged with BP * National Book Store, a bookstore and office supplies chain in the Philippines * National Car Rental, an American rental car company * National Energy Systems, a former name of Eco Marine Power * National Entertainment Commission, a former name of the Media Rating Council * National Motor Vehicle Company, Indianapolis, Indiana, USA 1900–1924 * National Radio Company, Malden, Massachusetts, USA 1914–1991 * National Su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Cooperative Bank
The National Cooperative Bank is a Congressional charter, congressionally chartered cooperative bank in the United States created by the National Consumer Cooperative Bank Act of 1978 (Pub.L. 95-351). National Cooperative offers banking products and services to cooperatives, their members and social organizations nationwide. The bank was created to address the financial needs of an underserved market. NCB is an advocate for America's cooperatives and their members, placing special emphasis on serving the needs of communities that are economically challenged. NCB has focused on community revitalization. The employment of the cooperative model in the development of business contains access to affordable health care and affordable housing. Capital Impact Partners was the non-profit community development financial institution subsidiary of the NCB. It became a stand-alone organization in 2014. Board of Directors The Bank is governed by a Board of Directors which consists of 15 memb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Millennium Challenge Corporation
The Millennium Challenge Corporation (MCC) is a bilateral United States foreign aid agency established by the U.S. Congress in 2004. It is an independent agency separate from the State Department and USAID. It provides grants to countries that have been determined to have good economic policies and potential for economic growth. The country qualification process is objective, involving scores provided by third parties in 20 different areas. An eligible country must apply for a grant with a specific project in mind. According to the OECD, the United States’ total official development assistance (ODA) (USD 55.3 billion, preliminary data) increased in 2022, mainly due to support to Ukraine, as well as increased costs for in-donor refugees from Afghanistan. ODA represented 0.22% of gross national income (GNI). History At the Inter-American Development Bank meeting on March 14, 2002, President George W. Bush called for a new compact for development with accountability for both ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Services Corporation
The Legal Services Corporation (LSC) is a publicly funded, 501(c)(3) non-profit corporation established by the United States Congress. It seeks to ensure equal access to justice under the law for all Americans by funding organizations providing civil legal aid in the United States, legal aid to those who otherwise would be unable to afford it. The LSC was created in 1974 with bipartisan congressional sponsorship and the support of the Nixon administration, and LSC is funded through the congressional appropriations process. LSC has a board of eleven directors, appointed by the president of the United States and confirmed by the United States Senate, that set LSC policy. By law, the board is bipartisan; no more than six members can come from the same party. LSC has a president and other officers who implement policies and oversee the corporation's operations. By law, LSC's headquarters are located in Washington, D.C. In the 1970s and 1980s, LSC also had regional offices. LSC curren ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Lakes St
Great may refer to: Descriptions or measurements * Great, a relative measurement in physical space, see Size * Greatness, being divine, majestic, superior, majestic, or transcendent People * List of people known as "the Great" * Artel Great (born 1981), American actor * Great Osobor (born 2002), Spanish-born British basketball player Other uses * ''Great'' (1975 film), a British animated short about Isambard Kingdom Brunel * ''Great'' (2013 film), a German short film * Great (supermarket), a supermarket in Hong Kong * GReAT, Graph Rewriting and Transformation, a Model Transformation Language * Gang Resistance Education and Training Gang Resistance Education And Training, abbreviated G.R.E.A.T., provides a school-based, police officer-instructed program in America that includes classroom instruction and a variety of learning activities. The program was originally adminis ..., or GREAT, a school-based and police officer-instructed program * Global Research and Analysis Te ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government National Mortgage Association
The Government National Mortgage Association (GNMA), or Ginnie Mae, is a government-owned corporation of the United States Federal Government within the Department of Housing and Urban Development (HUD). It was founded in 1968 and works to expand affordable housing by guaranteeing housing loans (mortgages) thereby lowering financing costs such as interest rates for those loans. It does that through guaranteeing to investors the on-time payment of mortgage-backed securities (MBS) even if homeowners default on the underlying mortgages and the homes are foreclosed upon. Ginnie Mae guarantees only securities backed by single-family and multifamily loans insured by government agencies, including the Federal Housing Administration, United States Department of Veterans Affairs, Department of Veterans Affairs, the Department of Housing and Urban Development’s Office of Public and Indian Housing, and the Department of Agriculture’s Rural Development. Ginnie Mae neither originates ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Prison Industries
Federal Prison Industries, Inc. (FPI), doing business as UNICOR (stylized as unicor) since 1977, is a corporation wholly owned by the United States government. It was created in 1934 as a prison labor program within the Federal Bureau of Prisons. Under US federal law, all physically abled inmates who are not a security risk or have a health exception are required to work, either for UNICOR or at some other prison job.Title XXIX, §2905 of the Crime Control Act of 1990 (P.L. 101-647) required that all offenders in federal prisons must work (the act permitted limitations to this rule on security and health-related grounds). As of 2021, inmates earned between $0.23 to $1.15 per hour. As a "mandatory source" for federal departments (having priority over all other sources, including JWOD sources from blind or severely disabled persons), FPI receives priority in any purchases of its products. UNICOR is entirely self-sustaining and has no cost to US taxpayers. History A statute ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal National Mortgage Association
The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the New Deal, the corporation's purpose is to expand the secondary mortgage market by securitizing mortgage loans in the form of mortgage-backed securities (MBS), allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market by reducing the reliance on locally based savings and loan associations (or "thrifts"). Its brother organization is the Federal Home Loan Mortgage Corporation (FHLMC), better known as Freddie Mac. In 2024, with over $4.3 trillion in assets, Fannie Mae is the largest company in the United States and the fifth largest company in the world, by assets. Fannie Mae was ranked number 27 on the ''Fortune'' 500 rankings of the largest United States corporati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Home Loan Mortgage Corporation
The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is an American publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons, Virginia.Tysons Corner CDP, Virginia ". . Retrieved on May 7, 2009. The FHLMC was created in 1970 to expand the for |
