Dubbed FICO, the Financing Corporation came about from legislation enacted this summer with the intention of raising up to $10.82 billion over the next few years.

In the long-term bond market, the Financing Corporation is expected to make its market debut one day this week with an offering of $400 million to $600 million of non-callable 30-year bonds.

Earlier this month, officials of the Financing Corporation estimated the bonds might yield about 3/4 percentage point more than 30-year Treasury issues.

The idea would be to permit the so-called Financing Corporation to raise as much as $30 billion a year in its bonds and place the Treasury's guarantee on those bonds.

The Financing Corporation, which usually sells debt each month, said it had reached its $3.75 billion debt limit for the year.

At Daiwa, for instance, Mr. Isoda recently pointed to the results of an auction of $520 million of bonds by the Financing Corporation, an arm of the Federal Home Loan Bank system.

American Financing Corporation is a direct mortgage lender.

American Financing Corporation was founded in 1999 by Damian and Gabie Maldonado.

Meanwhile, the Financing Corporation and its FICO strips are about to be replaced by the Resolution Funding Corporation, the new savings industry rescue agency proposed by the Bush Administration.

The Financing Corporation, a mixed-ownership Government corporation chartered by the Federal Home Loan Bank Board, plans to announce the terms of a debt issue today that will be offered tomorrow through competitive bidding.