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repurchase the securities at a specified price or at a specified later date.

REVERSE REPURCHASE AGREEMENT – An agreement of one party to sell securities
at a specified price to a second party and a simultaneous agreement by the first party to
resell the securities at a specified price to the second party on demand or at a specified
date.

SAFEKEEPING – Holding of assets (e.g. securities) by a financial institution.

TREASURY BILLS – A non-interest bearing discount security issued by the US Treasury
to finance the national debt. Most bills are issued to mature in three months, six months,
or one year. The yields on these bills are monitored closely for interest rate trends.

TREASURY BONDS – Long term US government debt securities with maturities of ten
to thirty years.

TREASURY NOTES – Intermediate term US government debt securities with maturities
of one to ten years.

YIELD – The current rate of return on an investment security generally expressed as a
percentage of the securities current price.

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