Search Elements:
- Taxonomy
- us-gaap
- Name
- InterestIncomeSecuritiesUSTreasury
- Label
- Interest Income, Securities, US Treasury
- Period Type
- duration
- Balance Type
- credit
- Type
- xbrli:monetaryItemType
- Definition
- Interest income on US treasury securities. US treasury securities are negotiable debt obligations of the US government, secured by its full faith and credit and issued at various schedules and maturities. The income from treasury securities is exempt from state and local, but not federal, taxes. There are three types of securities issued by the US treasury (bonds, bills, and notes), which are distinguished by the amount of time from the initial sale of the bond to maturity.