12 U.S.C. § 1723b — Investment of funds
submitted 92 years ago by ch. 847 to r/title-12-BANKS-AND-BANKING · 54 words · no verdicts yet
This section governs how the Association may invest its funds.
Moneys of the Association not invested in mortgages or other security holdings or in operating facilities is 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.
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 credit: (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.)
- 1934Enacted · Act of June 27, 1934, ch. 847 · 68 Stat. 621
- 1959Amended · Pub. L. 86-372 · 73 Stat. 670
- 1961Amended · Pub. L. 87-70 · 75 Stat. 177
- 1964Amended · Pub. L. 88-560 · 78 Stat. 800
A history note hasn’t been published yet. The record shows enactment by ch. 847 on 1934-06-27.
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