Federal agency bond

Federal agency bond

Fixed-income security issued by a government agency such as FNMA.

Federal Agency Security

A debt obligation owed by an agency of the U.S. government. While similar to a Treasury security, federal agency securities are issued by a particular agency of the federal government, rather than the federal government itself. Agencies that offer these securities include Ginnie Mae, the Federal Farm Credit Bank, and the U.S. Postal Service. With the exceptions of the Postal Service and the Tennessee Valley Authority, all federal agency securities are guaranteed by the U.S. government. They also offer higher interest rates than Treasury securities.
References in periodicals archive ?
12, CACU asked the NCUA and the ACUA for permission to purchase a federal agency bond.
treasury and federal agency bonds and repurchase agreements, and other fixed income securities.
government bonds, federal agency bonds, and corporate debt securities rated A or better by national independent rating organizations.
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