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Glossary Term: FEDERAL AGENCY SECURITIES

Definition(s) for FEDERAL AGENCY SECURITIES:


1. ) Securities issued by corporations and agencies created by the US government, such as the Federal Home Loan Bank Board and Ginnie Mae. Debt obligation of a government owned agency such as the Export-Import Bank and Government National Mortgage Association. Federal agency securities offer higher yields than direct Treasury obligations. Certain issues are exempt from state and local taxes.



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