FEDERAL · 12 U.S.C. · Chapter 11
Obligations as lawful investments; liability of United States for debentures, etc., issued by banks
12 U.S.C. § 1435
Title12 — Banks and Banking
Chapter11 — FEDERAL HOME LOAN BANKS
This text of 12 U.S.C. § 1435 (Obligations as lawful investments; liability of United States for debentures, etc., issued by banks) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
12 U.S.C. § 1435.
Text
Obligations of the Federal Home Loan Banks issued with the approval of the Board or the Director under this chapter shall be lawful investments, and may be accepted as security, for all fiduciary, trust, and public funds the investment or deposit of which shall be under the authority or control of the United States or any officer or officers thereof. The Federal reserve banks are authorized to act as depositaries, custodians, and/or fiscal agents for Federal Home Loan Banks in the general performance of their powers under this chapter. All obligations of Federal Home Loan Banks shall plainly state that such obligations are not obligations of the United States and are not guaranteed by the United States.
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Untitled Texas Attorney General Opinion
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Debt Obligations of the National Credit Union Administration
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Source Credit
History
(July 22, 1932, ch. 522, §15, 47 Stat. 736; Pub. L. 101–73, title VII, §701(b)(1), (3)(A), Aug. 9, 1989, 103 Stat. 412; Pub. L. 110–289, div. A, title II, §1204(7), July 30, 2008, 122 Stat. 2786.)
Editorial Notes
Editorial Notes
Amendments
2008—Pub. L. 110–289 inserted "or the Director" after "the Board".
1989—Pub. L. 101–73 substituted "Board" for "board".
Amendments
2008—Pub. L. 110–289 inserted "or the Director" after "the Board".
1989—Pub. L. 101–73 substituted "Board" for "board".
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Bluebook (online)
12 U.S.C. § 1435, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/1435.