Minn. R. agency 120, ch. 2675, BANKING PROCEDURES, pt. 2675.2246 - CERTIFICATE OF DEPOSIT OF OTHER FINANCIAL INSTITUTIONS
Where a bank makes a direct investment in a certificate of deposit of another financial institution, such investment shall not exceed its legal lending limit as provided in Minnesota Statutes, section 48.24; however, this limitation shall apply only to that portion, if any, of the investment which is not insured by an agency of the United States.
Notes
Statutory Authority: MS s 46.01
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