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.
June 27, 1934, ch. 847Aug. 2, 1954, ch. 64968 Stat. 621Pub. L. 86–372, title III, § 305(b)73 Stat. 670Pub. L. 87–70, title VI, § 603(e)75 Stat. 177Pub. L. 88–560, title VII, § 701(b)(3)78 Stat. 800(, title III, § 310, as added , title II, § 201, ; amended , , ; , , ; , , .)
Editorial Notes
Prior Provisions
section 1718 of this titlePrior provisions on the subject of this section were formerly contained in .
Amendments
Pub. L. 88–5601964— authorized investment of funds in participations and other instruments which are lawful investments.
Pub. L. 87–701961— inserted “or other security holdings” after “mortgages”.
Pub. L. 86–3721959— substituted “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”.