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