Missouri Code of State Regulations
Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE
Division 1140 - Division of Finance
Chapter 21 - Association's Sources of Borrowed Money and Authorized Investments
Section 20 CSR 1140-21.021 - Authorized Investments

(A) Obligations of or obligations fully guaranteed as to principal and interest by the United States or Missouri;

(B) Stock or obligations of any Federal Home Loan Bank, of the Federal National Mortgage Association, of the Government National Mortgage Association, of the Federal Home Loan Mortgage Corporation, of the Student Loan Marketing Association or of any corporation or agency of the United States or of this state succeeding any of these corporations or performing similar functions; and

(C) Liquid assets described in applicable federal regulations regardless of stated maturity limitations (other than maturity limitations for bankers' acceptances).

(A) Demand, time or savings deposits or accounts of any insured financial institution (including loans of unsecured day(s) funds such as federal funds) and in debt securities hedged with a firm forward commitment, subject to applicable federal regulations;

(B) Stock of a not-for-profit industrial or community development corporation established for the general welfare of the area but not in excess of a total investment of one-half of one percent (.5%) of its assets or ten thousand dollars ($10,000), whichever is the lesser;

(C) Obligations issued by any state, territory or possession of the United States or political subdivision of the United States, provided that the obligation is rated in one (1) of the four (4) highest national investment grade ratings. An association may not invest more than ten percent (10%) of its capital in obligations of any one (1) issuer, exclusive of investments in general obligations of any issuer. Despite the rating limitations contained in this subsection, an association may invest up to one percent (1%) of its assets in the obligations of a state political subdivision in which the association's home office, branch office or agency is located;

(D) Commercial paper and corporate debt securities, subject to the limitations and restrictions provided in applicable federal regulations;

(E) Any open-end management investment company which is registered with the Securities and Exchange Commission under the Investment Company Act of 1940 and the portfolio of which is restricted by that management company's investment policies, changeable only if authorized by shareholder vote, solely to any such investments as an association by law or regulation, without limitation as to percentage of assets, may invest in, sell, redeem, hold or otherwise deal with. Where the investments of the open-end management investment company consist of commercial paper and corporate debt securities, these investments must come within the limitations of subsection (2)(D) of this rule, provided that five percent (5%) of assets shall be the maximum that may be invested in the shares of any one (1) investment company; and

(F) Any other investment, including all investments authorized for federal associations, as may be approved from time-to-time by the director.