The Federal Farm Credit Banks Funding Corporation issues a variety of Federal Farm Credit Banks debt securities on behalf of the Farm Credit System Banks with a broad range of maturities and structures. These include discount notes, designated bonds, bonds and master notes. Farm Credit discount notes are high credit quality, short-term debt instruments. Farm Credit designated bonds are high credit quality, liquid, non-callable and callable securities. Farm Credit bonds are high credit quality, debt instruments issued throughout the month in various amounts, maturities and structures. Farm Credit master notes are individually negotiated agreements that can provide money managers with a high credit quality investment with cash management flexibility. Federal Farm Credit Banks Funding Corporation operates from its headquarters in Jersey City, N.J.