1. SLGS Regulations 2011 SLGS Forum May 17, 2011

2. Where To Find Your Own Copy Federal Register 31 CFR Part 344 Dated June 30, 2005 SLGS.gov Regulations.gov Government Printing Office - http://www.access.gpo.gov/nara/cfr/waisidx_ 07/31cfr344_07.html

3. Types of SLGS Time Deposit – Certificates of Indebtedness ( maturity one year or less) – Notes ( maturity of one year, one day to ten years) – Bonds (maturity of ten years, one day to forty years) Demand Deposit – one-day certificates of indebtedness that are automatically rolled over each day until you request redemption

4. Time vs. Demand Time minimum investment of $1000 in whole dollars purchase lead time: 5 calendar days for issue amounts $10 million or less, 7 calendar days for amounts over $10 million early redemption requests received no less than 14 calendar days and no more than 60 calendar days before requested redemption date Demand minimum investment of $1000 in any increment purchase lead time: 5 calendar days for issue amounts $10 million or less, 7 calendar days for amounts over $10 million redemption requests received no less than 3 business days before redemption of $10 million or more, and no less than one business day (before 3 p.m.) for amounts less than $10 million

5. Time vs. Demand continued Time Regularly scheduled interest and maturity payments paid via ACH Interest determined by SLGS Daily Rate Table published before 10 a.m. on every business day. Can choose any rate from 0% to the maximum allowed for that maturity life. Demand Redemptions paid via Fedwire Funds Interest is a variable rate based on an adjustment of the average yield for 3- month Treasury bill at most recent auction. Rate is published on SLGS Daily Rate Table. Interest is accrued and added to the principal daily.

6. SLGS Daily Rate Table

7. Yield Restrictions Yield Certifications. Purchase of SLGS Securities. Upon submitting a subscription for a SLGS security, a subscriber must certify that: (A)Marketable Securities to SLGS Securities. If the issuer is purchasing a SLGS security with any amount received from the sale or redemption (at the option of the holder) before maturity of any marketable security, the yield on such SLGS security does not exceed the yield at which such marketable security was sold or redeemed. (B) Time Deposit Securities to SLGS Securities. If the issuer is purchasing a SLGS security with any amount received from the redemption before maturity of a Time Deposit security (other than a zero interest Time Deposit security), the yield on the SLGS security being purchased does not exceed the yield that was used to determine the amount of redemption proceeds for such redeemed Time Deposit security.

8. SLGSafe SLGSafe is mandatory. Paper forms are not accepted unless you get prior approval from Special Investments Branch. SIB personnel are available 8:00 a.m. to 4:30 p.m. ET. SLGSafe open from 8 a.m. to 10 p.m. ET on Federal business days. No subscriptions or redemption requests can be accepted before 10 a.m. Access to SLGSafe requires original forms and signatures.

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