The Money Farm Team

Does The Fed Buy Bonds Directly From The Treasury?

In actuality, the Federal Reserve does not buy debt directly from the government; instead, it purchases debt from so-called primary dealers. Instead, private actors purchase government debt from the Treasury Department at auction, while the Federal Reserve purchases debt from the private sector at the same time. The Federal Reserve does not, for the most […]

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Does The Government Still Sell Savings Bonds?

Paper savings bonds are no longer marketed by financial institutions as of January 1, 2012. Treasury’s goal of increasing the number of electronic transactions with citizens and businesses is being furthered by this measure. SeriesEE savings bonds are low-risk savings instruments that yield interest until 30 years have passed or you cash them in, whichever […]

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Does Virginia Tax Municipal Bonds?

Interest on state and local government bonds and securities is normally tax-free under federal law. Because Virginia law solely exempts income from Virginia state and local responsibilities, interest income from other states’ commitments must be included to Virginia taxable income. What determines whether a municipal bond is taxable? Residents of the issuing state are generally […]

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