A quasi-governmental organization that is privately owned but retains certain privileges as it was created by the government. Examples include the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC).
A Housing Finance Agency (HFA) is a governmental (state or local) organization designed to provide housing assistance, often through tax-free bonds and low-interest mortgage loans for eligible borrowers.
STRIPS (Separate Trading of Registered Interest and Principal of Securities) are zero-coupon bonds created by separating the interest and principal components of a bond or note and selling them individually.
A Tax and Loan Account is a specialized account held in a private-sector depository institution, managed by the district Federal Reserve Bank as the fiscal agent for the U.S. Treasury, primarily serving as a repository for the operating cash of the U.S. government.
Treasury Inflation-Protected Securities (TIPS) are U.S. Treasury securities designed to help investors protect against inflation. The principal of TIPS increases with inflation and decreases with deflation, as measured by the Consumer Price Index (CPI).
Intermediate-term (one to 10 years) obligation of the U.S. government that bears interest paid by coupon. Treasury notes carry the highest domestic credit standing and have the lowest taxable yield available at equivalent maturity.
The Troubled Assets Relief Program (TARP) was a U.S. Treasury program established under the Emergency Economic Stabilization Act (EESA) of 2008 to stabilize the financial system during the financial crisis by purchasing troubled assets and providing capital to financial institutions.
