About This Chapter
U.S. Government Agency Securities - Chapter Summary
Brush up on government securities with the help of this chapter. You'll review the maturities and denominations of various types, as well as authorized dealers, distribution, issue forms, and quotes. Additionally, by the end of this chapter you will be able to:
- Give the definition and characteristics of U.S. Treasury securities
- Describe the types of treasury receipts
- Understand calculations for U.S. government agency securities
- Explain investing in the Federal National Mortgage Association (FNMA), the Federal Home Loan Mortgage Corporation (FHLMC), the Government National Mortgage Association (GNMA), and the Student Loan Marketing Association (SLMA)
Using the study materials created by our professional instructors, you will be able to efficiently master the securities material you need to know for your exam. Each topic is broken down into its major components, with the most important terms being presented in bold-face type for ease of identification. By the end of each lesson, you should be ready for the self-assessment quiz; however, you can always go back and review topics as often as needed.
1. Government Securities: Definition, Types & Examples
Governments need money to operate and, just like people and businesses, they will borrow money when needed. In this lesson, you'll learn about government securities.
2. Types of Treasury Securities: Definition & Characteristics
There are several major types of treasury securities, all with different maturation dates. In this lesson, we'll take a look at the four major types and characteristics of each.
3. Treasury Receipts: Definition & Types
Many people like the safe nature of treasury securities. But what if you don't need regular interest payments? In this lesson, we'll examine a popular alternative, the treasury receipt.
4. U.S. Government Agency Securities: Types, Maturities & Denominations
U.S. agency securities are very safe investments, as they are backed by the federal government. In this lesson, we'll explore the types and characteristics of U.S. government agency securities.
5. U.S. Government Agency Securities: Dealers, Distribution, Issue Forms & Quotes
This lesson deals with US government agency securities and their characteristics. You'll learn about primary dealers, distribution, issue form, and quotations for US government agency securities.
6. Calculations for U.S. Government Agency Securities
This lesson deals with calculations for U.S. government agency securities. Learn how to calculate spread, price, interest and principal payment on agency securities.
7. Investing in the Government National Mortgage Association (GNMA)
As a government agency, Ginnie Mae is considered a safe investment. In this lesson, we'll take a look at what Ginnie Mae is, what it does, and the various ways to invest in it.
8. Investing in the Federal National Mortgage Association (FNMA)
The Federal National Mortgage Association (FNMA) is a government-sponsored entity that buys mortgages from private lenders, packages the mortgages into securities and sells these securities to the public. This important function provides vital liquidity to the mortgage industry. In this lesson we will discuss investing in FNMA.
9. Investing in the Federal Home Loan Mortgage Corporation (FHLMC)
In this lesson, we will learn about the Federal Home Loan Mortgage Corporation (FHLMC). Learn about the characteristics, structure, and risks of FHLMC mortgage-backed securities.
10. Investing in the Student Loan Marketing Association (SLMA)
This lesson covers the history of the Student Loan Marketing Association and key information related to the Series 7 exam. Additional history about how the SLMA has evolved since 2004 is also provided.
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Other chapters within the Series 7 Exam: Study Guide & Practice course
- Advertising & Public Communication in the Securities Industry
- The New Issues Market
- New Issue Regulations in the Securities Industry
- Brokerage Account Types & Restrictions
- Retirement Plans & Tax-Advantaged Accounts
- Handling Customer Investment Information & Discretionary Accounts
- Obtaining Supervisory Approvals for Investment Accounts
- Analyzing Customer Investment Profiles
- Analyzing Customer Financial Statements
- Understanding Equity Securities
- Tax Treatment of Equity Securities Transactions
- Packaged Investment Products
- Variable Life Insurance & Annuities
- Real Estate Investment Trusts
- Direct Participation Programs
- Understanding Options in Investing
- Debt Securities
- Investing in Corporate Bonds
- Municipal Securities
- Municipal Securities Analysis & Regulations
- Registered Hedge Funds
- Asset-Backed Securities
- Investment Product Disclosures
- Customer Updates & Record Retention
- Customer Transactions & Confirmations
- Transactional Delivery Obligations & Settlement Procedures
- Investment Disputes & Customer Complaints
- Addressing Margin Issues