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Further information on vazious types of United States Government Investments are as follows: <br />TREASURY ISSUES <br />United States Treasury Certificates -These are coupon issues. They are issued at par and usually <br />carry two coupons. They mature no more than one yeaz after issue. <br />Treasury Bills -Offered each week by the Treasury Department with 90 to 182 day maturities. <br />Monthly Treasury Bills aze offered with a maturing of one yeaz. Widely traded and offered at a <br />discount and maturing at paz. May be purchased through dealer banks and bond brokers and sold <br />to them. <br />Bills may be purchased directly from the Federal Reserve Bank of Minneapolis, in which case <br />there is no service charge. <br />Treasur~Notes -Issued with maturities of from two to ten yeazs, minimum denomination is <br />$5,000. They carry coupons redeemable every six months. <br />Treasur~Bonds -All new issues issued for periods often years or longer in denomination of <br />$1,000 to $1,000.000. They carry semi-annual interest coupons. Some treasury bonds aze <br />callable by the government before maturity, and others have fixed maturities. <br />FEDERAL AGENCY ISSUES <br />Federal Agency Issues aze not guaranteed by the United States Government and therefore <br />produce somewhat higher yields than Treasuries. The previous experience of the agency is <br />important when investing in agencies. <br />Federal Home Loan Bank Notes -Issued by the Federal Home Loan Bank system, which are <br />instrumentalities of the United States and aze under the supervision of the Home Loan Bank <br />Boazd. <br />Federal National Mortgase Association Debentures - (FNMAI - <br />Payment of certificates are guazanteed by FNMA. Three types of securities are available, <br />debentures, short-term notes, and participation certificates. <br />Federal Land Bank Notes and Bonds -Twelve Federal Land Banks were organized under the <br />Federal Farm Loan Act to provide long term farm mortgages at reasonable cost. The banks <br />operated under the general supervision of the Farm Credit Administration and the Secretary of <br />Agriculture. (No new issues being issued.) <br />• <br />5 <br />