And he argued that there were factors other than Federal regulation behind the heavy bank purchases of Treasury obligations in preference to making business loans.

These same countries are underwriting American debt by purchasing Treasury obligations.

Treasury obligations of one to five years are also competitive with C.D. rates and should be considered as alternatives, Mr. Joseph noted.

He simultaneously torpedoed the Congressionally approved increase in the $4.9 trillion limit on the national debt, thereby risking default on outstanding Treasury obligations.

Many favor intermediate-maturity Treasury obligations, but even one of the safest havens - the money market - now provides tempting yields that rival those of the longest-term bonds.

Next year $24 billion of Treasury obligations issued to finance the Farmers Home program come due.

The bang no longer seems realistic, even with talk these days, courtesy of the budget impasse, of a Government default on Treasury obligations.

Those mortgages are usually based on the interest rate of Treasury obligations.

Here's how: The trust funds purchase Treasury obligations.

Much of these funds would inevitably be invested in Treasury obligations, thus not making the funds available to "stimulate the productive economy."