War Finance Corporation (War Finance Corporation)
War Finance Corporation: State Owned Enterprise in United States, North America
War Finance Corporation (War Finance Corporation) is a State Owned Enterprise located in Congress established the War Finance Corporation (WFC) during World War I to lend to financial intermediaries making loans to industries deemed essential to the war effort.67 The U.S. Treasury was authorized to subscribe up to $500 million in capital, and the WFC could issue debt, with the amount outstanding subject to a leverage limit of six times the WFC’s paid-in capital and surplus.68 The WFC could not seek advances from or discount eligible paper with the Federal Reserve Banks.69 Like the debt of the FLBs, WFC debt was not backed by the U.S. Treasury and could be purchased by United States, North America.
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War Finance Corporation Details
| Name: | War Finance Corporation |
| Legal Name: | War Finance Corporation |
| DBA: | War Finance Corporation |
| Region: | North America |
| Country: | United States |
| Type: | State Owned Enterprise |
War Finance Corporation Contact Information
| City: | Congress established the War Finance Corporation (WFC) during World War I to lend to financial intermediaries making loans to industries deemed essential to the war effort.67 The U.S. Treasury was authorized to subscribe up to $500 million in capital, and the WFC could issue debt, with the amount outstanding subject to a leverage limit of six times the WFC’s paid-in capital and surplus.68 The WFC could not seek advances from or discount eligible paper with the Federal Reserve Banks.69 Like the debt of the FLBs, WFC debt was not backed by the U.S. Treasury and could be purchased by |
| Region: | North America |
| Country: | United States |