Authorized Dealers


Authorized Dealers as of March 24, 2025


Dealer Name DN Dealer Type*
Academy Securities, Inc. DN Bidding Group
Alamo Capital DN Bidding Group
ASL Capital Markets Inc. DN Bidding Group
Bancroft Capital, LLC DN Bidding Group
Barclays Capital Inc.  DN Bidding Group
Blaylock Van, LLC DN Bidding Group
BMO Capital Markets Corp. DN Dealer - Window Only
BNY Mellon Capital Markets, LLC DN Bidding Group
BofA Securities, Inc. DN Bidding Group
BOK Financial Securities, Inc. DN Dealer - Window Only
Brean Capital, LLC DN Dealer - Window Only
Cabrera Capital Markets, LLC DN Bidding Group
Cantor Fitzgerald & Co. DN Dealer - Window Only
CastleOak Securities, L.P. DN Bidding Group
Citigroup Global Markets Inc.  DN Bidding Group
Commerce Bank DN Dealer - Window Only
Country Club Bank DN Dealer - Window Only
D.A. Davidson & Co. DN Dealer - Window Only
Daiwa Capital Markets America Inc. DN Bidding Group
Deutsche Bank Securities Inc. DN Bidding Group
Drexel Hamilton, LLC DN Bidding Group
Falcon Square Capital, LLC DN Bidding Group
FHN Financial Capital Markets DN Bidding Group
Fifth Third Securities, Inc. DN Dealer - Window Only
Goldman Sachs & Co. LLC DN Bidding Group
Great Pacific Securities DN Bidding Group
Hilltop Securities Inc. DN Dealer - Window Only
Huntington Securities, Inc. DN Dealer - Window Only
InspereX LLC DN Dealer - Window Only
J.P. Morgan Securities LLC DN Bidding Group
J.V.B. Financial Group, LLC DN Dealer - Window Only
Janney Montgomery Scott LLC DN Dealer - Window Only
Jefferies LLC  DN Bidding Group
KeyBanc Capital Markets Inc. DN Dealer - Window Only
Loop Capital Markets LLC DN Bidding Group
Mesirow Financial, Inc. DN Dealer - Window Only
MFR Securities, Inc. DN Bidding Group
Mischler Financial Group, Inc. DN Bidding Group
Mizuho Securities USA LLC  DN Bidding Group
Morgan Stanley & Co. LLC  DN Bidding Group
MUFG Securities Americas Inc. DN Dealer - Window Only
Multi-Bank Securities, Inc. DN Bidding Group
NatWest Markets Securities, Inc. DN Dealer - Window Only
Nomura Securities International, Inc. DN Bidding Group
Oppenheimer & Co. Inc. DN Dealer - Window Only
Penserra Securities LLC DN Bidding Group
Piper Sandler & Co. DN Bidding Group
PNC Capital Markets LLC DN Dealer - Window Only
R. Seelaus & Co., LLC DN Bidding Group
Raymond James & Associates, Inc. DN Dealer - Window Only
RBC Capital Markets, LLC DN Bidding Group
Rice Securities, LLC DN Bidding Group
Robert W. Baird & Co. Incorporated DN Dealer - Window Only
Samuel A. Ramirez & Company, Inc.DN Bidding Group
Santander US Capital Markets LLCDN Bidding Group
Siebert Williams Shank & Co., LLCDN Bidding Group
SouthState|DuncanWilliams Securities Corp. DN Dealer - Window Only
Stern Brothers & Co. DN Bidding Group
Stifel, Nicolaus & Company, IncorporatedDN Bidding Group
StoneX Financial Inc.DN Bidding Group
TD Securities (USA) LLC DN Bidding Group
UBS Securities LLC DN Bidding Group
UMB Bank, National Association DN Dealer - Window Only
U.S. Bank National Association DN Dealer - Window Only
Wells Fargo Securities, LLC  DN Bidding Group
Zeus Financial, LLC DN Bidding Group

*Discount Note (DN) Dealer Types:  
DN Bidding Group dealers may underwrite discount notes through the Window and Auction platforms.
DN Dealer - Window Only dealers may underwrite discount notes through the Window platform.