2018 US Code
Title 12 - Banks and Banking
Chapter 13 - National Housing
Subchapter III - National Mortgage Associations
Sec. 1723b - Investment of funds
| 12 U.S.C. § 1723b (2018) |
| §1723b. Investment of funds |
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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. |
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(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.) |
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PRIOR PROVISIONS
Prior provisions on the subject of this section were formerly contained in section 1718 of this title. AMENDMENTS1964—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". |
| United States Code, 2018 Edition, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 13 - NATIONAL HOUSING SUBCHAPTER III - NATIONAL MORTGAGE ASSOCIATIONS Sec. 1723b - Investment of funds |
| section 1723b |
| 2018 |
| January 14, 2019 |
| No |
| standard |
| 68 Stat. 621 73 Stat. 670 75 Stat. 177 78 Stat. 800 |
| Public Law 86-372, Public Law 87-70, Public Law 88-560 |
