12 U.S. Code § 1723b - Investment of funds

Moneys of the Association not invested in mortgages or other security holdings or in operating facilities shall be kept in cash on hand or on deposit, or invested in obligations of the United States or guaranteed thereby, or in obligations, participations, or other instruments which are lawful investments for fiduciary, trust, or public funds.

Source

(June 27, 1934, ch. 847, title III, § 310, as added Aug. 2, 1954, ch. 649, title II, § 201,68 Stat. 621; amended Pub. L. 86–372, title III, § 305(b),Sept. 23, 1959, 73 Stat. 670; Pub. L. 87–70, title VI, § 603(e),June 30, 1961, 75 Stat. 177; Pub. L. 88–560, title VII, § 701(b)(3),Sept. 2, 1964, 78 Stat. 800.)
Prior Provisions

Prior provisions on the subject of this section were formerly contained in section 1718 of this title.
Amendments

1964—Pub. L. 88–560authorized investment of funds in participations and other instruments which are lawful investments.
1961—Pub. L. 87–70inserted “or other security holdings” after “mortgages”.
1959—Pub. L. 86–372substituted “in obligations of the United States or guaranteed thereby, or in obligations which are lawful investments for fiduciary, trust, or public funds” for “in bonds or other obligations of, or in bonds or other obligations guaranteed as to principal and interest by, the United States”.

This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.


24 CFR - Housing and Urban Development

24 CFR Part 81 - THE SECRETARY OF HUD'S REGULATION OF THE FEDERAL NATIONAL MORTGAGE ASSOCIATION (FANNIE MAE) AND THE FEDERAL HOME LOAN MORTGAGE CORPORATION (FREDDIE MAC)

 

LII has no control over and does not endorse any external Internet site that contains links to or references LII.