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12 U.S.C. · Banks and Banking
12 U.S.C. § 1435

Obligations as lawful investments; liability of United States for debentures, etc., issued by banks

Ch. 11 — FEDERAL HOME LOAN BANKS
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 11
Statutory Text

12 U.S.C. § 1435 — Obligations as lawful investments; liability of United States for debentures, etc., issued by banks

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 11 - FEDERAL HOME LOAN BANKS Sec. 1435 - Obligations as lawful investments; liability of United States for debentures, etc., issued by banks From the U.S. Government Publishing Office, www.gpo.gov

§1435. Obligations as lawful investments; liability of United States for debentures, etc., issued by banks

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.

(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

Amendments 2008—Pub. L. 110–289 inserted "or the Director" after "the Board". 1989—Pub. L. 101–73 substituted "Board" for "board".

Source: uscode.house.gov — public domain Official Source ↗
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12 U.S.C. § 1435
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The statutory text of 12 U.S.C. § 1435 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 12 U.S.C. § 1434 12 U.S.C. § 1436 →
Ch. 11 — FEDERAL HOME LOAN BANKS
12 U.S.C. § 142112 U.S.C. § 142212 U.S.C. § 1422a12 U.S.C. § 142312 U.S.C. § 142412 U.S.C. § 142512 U.S.C. § 142612 U.S.C. § 1426a12 U.S.C. § 142712 U.S.C. § 142812 U.S.C. § 1428a12 U.S.C. § 142912 U.S.C. § 143012 U.S.C. § 1430a12 U.S.C. § 1430b12 U.S.C. § 1430c12 U.S.C. § 143112 U.S.C. § 143212 U.S.C. § 143312 U.S.C. § 143412 U.S.C. § 143512 U.S.C. § 143612 U.S.C. § 143712 U.S.C. § 143812 U.S.C. § 1438a12 U.S.C. § 143912 U.S.C. § 1439a12 U.S.C. § 144012 U.S.C. § 1440a12 U.S.C. § 1441
12 U.S.C. — public domain ← All Legislation
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