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11 <br /> FHLB-FEDERAL HOME LOAN BANK SYSTEM bondsts of cou•onlnotesdw th matureral itiesn <br /> Banks. The FHLB issues in addition to Ion• ter <br /> m of u• to one ear.Their attractiveness stems from their investment denominations of <br /> a n nnn to1 million. <br /> FEDERAL DEPOSIT INSURANCE FDIC -A Federal institution <br /> that <br /> nsures bank <br /> deposits.The current limit is us to '.100 000 ser deposit <br /> re <br /> FEDERAL FUNDS RATE-The rate of interest atwhib Fedanks eral Funds tt dela e t traded <br /> or <br /> between banks. Fed Funds are excess reserves <br /> hellend them to banks needin• reserves.The .articular rate is heavil referred influencedtthe "Fed <br /> the open market operations of the Federal Reserve <br /> Board.AlsoFund_ sr_ a= <br /> A <br /> GNMA <br /> FEDERAL NATIONAL MORTGAGE ASSOCIATION <br /> sociatiFNMA <br /> on Act- FNMn 93 like FNMA is a was <br /> chartered under the Federal National Mort._a_ <br /> Federal corporation workin• under the auspices of the <br /> Dartm ntf of aHousimoraandunds <br /> Urban Development HUD.It is the lar•est sin•le r <br /> in the United States. Fannie Mae as the cor•oratio is c called <br /> a is a rivate of ad astocle stockholder- <br /> owned corporation.The corporation s purchases in <br /> mort•a•es and second loans in addition to fixed-rate <br /> FNMA's s securities are <br /> • <br /> also hi•hl li g uid and are widel acce•ted. FNMAassumes and .uara <br /> hat all <br /> securi holders will receive timel •a ment of principal and interest. <br /> ulated <br /> FEDERAL RESERVE SYSTEM -The central bank of the United Sthe to tes thal at hReserveas re! Bank <br /> credit in the econom since its inception in 1913. It includes <br /> 14 district banks and the member banks of the Federal Reserve and is •overned b the <br /> Federal Board. <br /> f <br /> FINANCIAL INSTITUTIONS - Establishments that include <br /> ov s ci culatiobt on nkino• monefacilitiesthe <br /> •rantin• of credit the makin• of investments and the <br /> GOVERNMENT SECURITY -An debt obligation issued b the U.S. <br /> overnmand ent ie t <br /> a•encies or instrumentalities.Certain securities such <br /> as Treasu Maes are backed b the government as to both .rin i sal and <br /> interest <br /> C 'a•ments.Other <br /> securities such as those issued b the Federal HomeLoan In <br /> FHLMC or Freddie Mac are backed b the issuing agent . <br /> LI*UIDITY- Refers to the ease and seed with which an asset can be converted into <br /> cash without a substantial loss in value. <br /> LOCAL GOVERNMENT INVESTMENT POOL LGIP •ate of <br /> all funds from <br /> political subdivisions that are •laced in the custodof the State <br /> Treasinvestment and reinvestment. <br />