Which of the following would not be considered a bank-qualified municipal security?
A)A Columbia County general obligation bond to modernize the county fire department
B)A Bucks County general obligation bond to build a new sewer plant
C)A City of San Marcos general obligation bond to pay for street repairs
D)A City of Chicopee general obligation bond to pay for a new city jail
E)A Treasury bond to finance government debt

Question

Quizplus · Accepted Answer

A Treasury bond is not a municipal security, as it is issued by the federal government, not by a municipal government. The other options are all general obligation bonds issued by municipalities, but it is impossible to determine which would not be considered bank-qualified without additional information about the specific issuer and terms of the bond.

Which of the Following Would Not Be Considered a Bank-Qualified