CMS Sept 2022

Internal Use Only

US Government Securities • Bonds, Notes, Bills issued by the US Treasury

• Full Faith and Credit of the US Treasury

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Internal Use Only

US Government Agency Securities • Debt issued by Agencies of the US Government • Either Explicit or Implicit Guarantee by the US Treasury

Bullets • Stated Maturity • Fixed or Floating Rate Callables • Callable at Issuer’s Option • Fixed or Floating Rate Structured Notes • Typically Step-Up Bonds • Usually Callable

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