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Glossary of Governmental Terms

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Governmental Terms - F

  • Fair Housing and Equal Opportunity (FHEO) -

  • Family Policy Compliance Office (FPCO) - (agency within the U.S. Department of Education which provides oversight under the Family Educational Rights and Privacy Act (FERPA) relating to the privacy of student educational records)

  • Farm Credit Administration (FCA) - (agency which oversees the administration of lending activities for farmers)

  • Farm Credit Financial Assistance Corporation (FCFAC) - (federal agency providing capital assistance to farmers, agricultural concerns, and related businesses by issuing government-guaranteed bonds)

  • Farm Credit System Insurance Corporation (FCSIC) - (federal agency insuring Farm Credit System (FCS) loans)

  • Farm Service Agency (FSA) - (agency within the Agriculture Department which serves rural communities and promotes agricultural development)

  • Farmers Home Administration (FHA) (FmHA) - (federal agency under the Department of Agriculture that makes loans for low-income, rural areas of the U.S. for farms, homes, and community facilities)

  • Federal Agricultural Mortgage Corporation (Farmer Mac) (FAMC) - (federal agency established in 1988 which provides a secondary market for farm mortgage loans, by purchasing mortgages in exchange for guaranteed securities)

  • Federal Aviation Administration (FAA) - (agency which oversees the aviation industry, investigates accidents, and regulates airline safety.)

  • Federal Bureau of Investigation (FBI) - (federal law enforcement agency with responsibility for investigating violations of federal laws and aid in the enforcement of federal laws)

  • Federal Communications Commission (FCC) - (agency which regulates telecommunications systems, including voice and data transmissions)

  • Federal Deposit Insurance Corporation (FDIC) - (federal agency managing the Deposit Insurance Fund (DIF), insuring deposited accounts in banks and thrift institutions up to $250,000 in principal and interest)

  • Federal Election Commission (FEC) - (federal agency overseeing federal election process, monitoring contributions, and reporting on candidates)

  • Federal Emergency Management Agency (FEMA) - (federal agency providing assistance to state and local governments during and after natural disasters, such as hurricanes, floods, and fires)

  • Federal Energy Regulatory Commission (FERC) - (federal agency which oversees the U.S. bulk power system and regulates the transmission companies that connect the power grid)

  • Federal Financial Institutions Examination Council (FFIEC) - (agency established in 1979 by the Finanial Institutions Regulatory and Interest Rate Control Act (FIRA) of 1978 which promotes uniform practices among federal financial institutions)

  • Federal Financing Bank (FFB) - (U.S. government-owned bank that consolidates financing activities of government agencies in order to reduce borrowing costs)

  • Federal Highway Administration (FHA) - (federal agency under the Department of Transportation responsible for overseeing federal grants related to highway construction)

  • Federal Home Loan Mortgage Corporation (Freddie Mac) (FHLMC) - (publicly chartered corporation that buys qualifying residential mortgages from lenders, packages them as securities and the re-sells the securities)

  • Federal Housing Administration (FHA) - (federally-sponsored agency that insures lenders against loss on residential mortgages)

  • Federal Housing Finance Agency (FHFA) - (federal agency providing credit assistance)

  • Federal Housing Finance Board (FHFB) - (U.S. government agency created in 1989 to assume oversight of the Home Loan Bank System from the dismantled Federal Home Loan Bank Board)

  • Federal Information Security Management Act (FISMA) - (Title III of the E-Government Act of 2002, which applies to federal agencies, designed to protect federal IT systems and the data they have collected by imposing security procedures and requirements related to the systems installed and used)

  • Federal Law Enforcement Training Center (FLETC) - (agency/facility which provides training for federal agencies involved in law enforcement - in 2003 it was transferred from the Treasury Department to the Department of Homeland Security (DHS))

  • Federal Maritime Commission (FMC) - (agency dealing with the commercial shipping industry, sea transport, vessels, and ports)

  • Federal Mine Safety and Health Review Commission (FMSHRC) - (federal agency dealing with issues involving safety and health in the mining industry)

  • Federal National Mortgage Association (Fannie Mae) (FNMA) - (publicly owned, government-sponsored corporation that purchase qualifying mortgages from lenders and sells securities backed by mortgage loans to investors)

  • Federal Motor Carrier Safety Administration (FMCSA) - (agency dealing with safety issues in the trucking industry)

  • Federal Open Market Committee (FOMC) - (policy committee of the Federal Reserve System that sets short-term monetary policy objectives for the Federal Reserve (FED) - implemented by the purchase or sale of government securities on the market)

  • Federal Protective Service (FPS) - (agency within the Department of Homeland Security (DHS) which provides security and law enforcement services for federal facilities across the U.S.)

  • Federal Railroad Administration (FRA) - (federal agency overseeing U.S. rail system)

  • Federal Reserve Board (FRB) or (FED) - (seven-member board governing the Federal Reserve System, whose members are appointed by the president, subject to Senate confirmation, and serve 14-year terms - issues regulations implementing federal banking laws)

  • Federal Reserve System (FRS) - (central banking system in the U.S., established by the Federal Reserve Act of 1913, which includes 12 district Federal Reserve Banks and branch offices, with oversight of the U.S. banking system)

  • Federal Telecommunications System (FTS) - (telecommunications system used by federal agencies)

  • Federal Trade Commission (FTC) - (independent federal agency created in 1914 under the Federal Trade Commission Act with the mission of protecting consumers and promoting competition - has become prominent in the enforcement of Internet privacy)

  • Federal Transit Administration (FTA) -

  • Financial Crimes Enforcement Network (FinCEN) - (bureau of the U.S. Department of the Treasury, which serves as administrator of the Bank Secrecy Act (BSA), issuing regulations and guidelines, providing investigative support, and monitoring crime trends and patterns in the financial services/banking sector)

  • Fish and Wildlife Service (FWS) - (agency within the Department of the Interior responsible for protecting and managing fish and wildlife habitat and resources.)

  • Food and Drug Administration (FDA) - (federal agency with oversight over pharmaceuticals, medical devices, and food safety)

  • Foreign Intelligence Surveillance Court (FISC) - (special court of federal district court judges which hears requests for surveillance warrants under the Foreign Intelligence Surveillance Act (FISA) of 1978)

  • U.S. Forest Service (FS) (USFS) - (agency within the Interior Department which oversees forest use and development on federal lands)