What federal securities are taxable to Iowa?

The following are not considered federal securities and are taxable:

Federal Agency Obligations:

• Building and Loan Associations

• Credit Unions, federal or state

• Export-Import Bank of the United States

• Federal Agricultural Mortgage Corporation (Farmer Mac)

• Federal Home Loan Mortgage Corporation (Freddie Mac) Securities

• Federal Housing Administration

• Federal income tax refunds, interest

• Federal National Mortgage Association

• Federal National Mortgage Association (Fannie Mae) Securities

• Government National Mortgage Association (Ginnie Mae) Securities

• Merchant Marine (Maritime Administration)

• Money Market Certificates

• Mortgage Participation Certificates

• Savings and Loan Associations, federal or state

• Small Business Administration

Obligations of International Institutions:

• Asian Development Bank

• Inter-American Development Bank

• International Bank for Reconstruction and Development (World Bank)

Other Obligations:

• Washington D.C. Metro Area Transit Authority