### Question
How does FEDERAL FINANCING BANK define obligation?


### Answer
Under *12 U.S.C. § 2282*, **obligation** is defined as:

> any note, bond, debenture, or other evidence of indebtedness, but does not include Federal Reserve notes or stock evidencing an ownership interest in the issuing Federal agency

#### Citation:
  - *12 U.S.C. § 2282*
  - Heading: **CHAPTER 24-FEDERAL FINANCING BANK**

