federal agency security

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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.
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federal agency security

The debt obligation of a government-owned agency such as the Export-Import Bank and Ginnie Mae. Federal agency securities offer higher yields than direct Treasury obligations even though, with the exception of U.S. Postal Service and Tennessee Valley Authority issues, they are guaranteed by the U.S. government. Certain issues are exempt from state and local taxes. Also called indirect government obligation. Compare federally sponsored corporate security.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
At least one advocacy organization for new immigrants has questioned the need for creation of a new federal agency while an existing body, the Alliance of Credential Assessment Services of Canada, is fully qualified to perform assessment functions.
In February 2004, the group was given permission by Corporations Canada to use the name "Anglican Communion in Canada." But in January 2005, the Anglican Church of Canada asked the federal agency to bar the group from using "Anglican Communion in Canada," maintaining that the established church is the only representative of the Anglican Communion in this country.
Cherney recommends if a student is interested in working as a Federal employee for SDDC, or any other Federal agency, to first touch base with their school's guidance counselor.
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Another federal agency criticized by the GAO is the Department of the Treasury.
Lynn urged the federal agency to reaffirm its commitment to the separation of church and state.
Moreover, Eichel was able to get the backing from some states and opposition members for the establishment of a Federal Agency for Supervision of Financial Services that would be independent, but accountable to the finance minister--and thus to parliament.
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RS Information Systems (RSIS) has been chosen by the National Ocean Service (NOS) to perform a range of scientific and technical work that includes the use of scuba divers to support the federal agency's National Marine Sanctuaries Division.
The Appraisal Institute hosted a workshop for select appraisers, lawyers, federal agency and congressional staff and various interest groups reviewing the rental schedule for rights-of-way on land operated by the Bureau of Land Management and the United States Forest Service.
The growing problems surrounding alleged deficiencies in Bridgestone/Firestone tires have the largest auto insurer in the United States pointing a finger at a federal agency and claiming its warnings went unheeded.
Its mission is to assist with information and advice to help overcome a court's presumption that a federal agency, in accordance with the use of the Chevron standard in reviewing agency decisions and actions, is in the right.

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