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12 U.S.C. · Banks and Banking
12 U.S.C. § 1723b

Investment of funds

Ch. 13 — NATIONAL HOUSING
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 13
Statutory Text

12 U.S.C. § 1723b — Investment of funds

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 13 - NATIONAL HOUSING SUBCHAPTER III - NATIONAL MORTGAGE ASSOCIATIONS Sec. 1723b - Investment of funds From the U.S. Government Publishing Office, www.gpo.gov

§1723b. Investment of 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.

(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

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".

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 12 U.S.C. § 1723b 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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Ch. 13 — NATIONAL HOUSING
12 U.S.C. § 170112 U.S.C. § 1701a12 U.S.C. § 1701b12 U.S.C. § 1701c12 U.S.C. § 1701c112 U.S.C. § 1701d12 U.S.C. § 1701d112 U.S.C. § 1701d312 U.S.C. § 1701d412 U.S.C. § 1701e12 U.S.C. § 1701f112 U.S.C. § 1701g12 U.S.C. § 1701g412 U.S.C. § 1701g512 U.S.C. § 1701g5a12 U.S.C. § 1701g5b12 U.S.C. § 1701g5c12 U.S.C. § 1701h12 U.S.C. § 1701h112 U.S.C. § 1701i12 U.S.C. § 1701j12 U.S.C. § 1701j112 U.S.C. § 1701j212 U.S.C. § 1701j312 U.S.C. § 1701k12 U.S.C. § 1701l12 U.S.C. § 1701l112 U.S.C. § 1701m12 U.S.C. § 1701n12 U.S.C. § 1701o
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