FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER III—NATIONAL MORTGAGE ASSOCIATIONS
Investment of funds
12 U.S.C. § 1723b
Title12 — Banks and Banking
ChapterSUBCHAPTER III—NATIONAL MORTGAGE ASSOCIATIONS
This text of 12 U.S.C. § 1723b (Investment of funds) 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. § 1723b.
Text
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Source Credit
History
(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.)
Editorial Notes
Editorial Notes
Prior Provisions
Prior provisions on the subject of this section were formerly contained in section 1718 of this title.
Amendments
1964—Pub. L. 88–560 authorized investment of funds in participations and other instruments which are lawful investments.
1961—Pub. L. 87–70 inserted "or other security holdings" after "mortgages".
1959—Pub. L. 86–372 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".
Prior Provisions
Prior provisions on the subject of this section were formerly contained in section 1718 of this title.
Amendments
1964—Pub. L. 88–560 authorized investment of funds in participations and other instruments which are lawful investments.
1961—Pub. L. 87–70 inserted "or other security holdings" after "mortgages".
1959—Pub. L. 86–372 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".
Cite This Page — Counsel Stack
Bluebook (online)
12 U.S.C. § 1723b, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/1723b.