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Informal for a debt security issued by the United States government, as opposed to one of its agencies. Perhaps the most prominent example of a direct security is a U.S. Treasury security. Direct securities are considered risk-free because they are guaranteed by the full faith and credit of the United States government.

direct (federal) government obligation

A debt that is backed by the full taxing power of the U.S. government. Direct obligations include Treasury bills, Treasury bonds, and U.S. savings bonds. These investments are generally considered to be of the very highest quality. See also federal agency security.
References in classic literature ?
I don't think," said he, "that we shall succeed in finding out a system of directing them.
said the monk, raising his right hand in the air, and directing an angry glance by turns at Alice and the eldest sister.
Jones stood for some minutes fixed in one posture, and directing his eyes towards the south; upon which the old gentleman asked, What he was looking at with so much attention?