On September 30, 2019, the Department of Finance and the Federal Housing Finance Agency (FHFA) announced, as curators of Fannie Mae and Freddie Mac, changes to the “Preferred Senior Stock Certificates” to allow Fannie Mae and Freddie Mac to retain profits in excess of the $3 billion in capital reserves authorized by the 2017 correspondence contracts. Fannie Mae and Freddie Mac are now allowed to maintain capital reserves of $25 billion, or $20 billion. These changes were recommended in the housing reform plan released on September 5, 2019. Mark Calabria, director of the FHFA, made a statement on the 2019 correspondence agreements, when they were announced. On December 21, 2017, correspondence agreements between the Ministry of Finance and each company changed the terms of senior stock certificates issued under the SPSPs to allow each company to maintain a quarterly capital reserve of $3 billion. As part of the 2017 correspondence agreements, each company paid a dividend to the Treasury, up to more than $3 billion of its net assets at the end of each quarter. These conditions applied to the payment of dividends on December 31, 2017 and dividends paid for each quarter, until the implementation of the correspondence agreements of September 30, 2019. FHFA Director Mel Watt made a statement on the 2017 match agreements when they were announced. GSE has signed the corresponding agreements with the THOs of neighbouring countries to ensure parallel work with their energy systems. Building on its distribution network for its range of products for electrical equipment on the ground, LPA announced that it has signed a new partnership agreement with Avicorp Middle East. A state-subsidized company (GSE) is a kind of financial services company created by the United States Congress.
Its mission is to improve credit flows to targeted economic sectors, to make these capital market segments more efficient and transparent, and to reduce risk to investors and other investors. The desired effect of GSEs is to increase the availability and cost of credit for the target bond sectors, in particular by reducing the risk of capital losses for investors: agriculture, real estate financing and education.  The known GSs are the Federal National Mortgage Association, or Fannie Mae, and the Federal Home Loan Mortgage Corporation, or Freddie Mac.  FCS receives its financing capital from the Federal Farm Credit Banks Funding Corporation, which sells bonds in the securities markets.