agency debt

{{Short description|US government security}}

{{Refimprove|date=December 2009}}

Agency debt, also known as an agency bond, agency loan, agency security, or "Agencies", is a security, usually a bond, issued by a United States government-sponsored enterprise or federal budget agency. The offerings of these agencies are backed but not guaranteed by the US government.{{cite web |url=http://federalreserve.gov/releases/z1/Current/ |title=Federal Reserve Flow of Funds |publisher=Federal Reserve |date=March 6, 2014}} Some prominent issuers of these securities are the Federal Home Loan Banks (FHLBanks), Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac).{{cite web |url=http://www.newyorkfed.org/tmpg/ |title=The Treasury Market Practices Group |publisher=Federal Reserve Bank of New York |date=January 17, 2013}}