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exempt security

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exempt security
A security that is exempt from registration under the Security Act of 1933 or from margin requirements of the Securities Exchange Act of 1934. Examples of exempt securities are small issues, intrastate issues, and direct placements.

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With today's announcement, there is no change to Fannie Mae's exempt security status, and there will be no effect on the status of Fannie Mae's securities as "government securities.
The increase is due to a gain on a tax exempt security called during the nine months ended March 31, 1995.
 
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