What is a quasi government agency?

According to Business Dictionary, quasi government agencies are created and funded by the government but enjoy operational and political independence. The U.S. Federal Reserve is a prime example.

Another example is the Federal National Mortgage Association, which was created under a congressional charter to increase homeownership. These agencies are treated as independent corporations, and the employees of these agencies are considered private sector workers. In addition, these types of entities are sometimes listed on major exchanges where their shares are traded. Despite their independence, according to USA.gov, these agencies are required to submit certain program information to the Federal Register.