Administrative Rules of Montana
Department 2 - ADMINISTRATION
Chapter 2.59 - BANKING AND FINANCIAL INSTITUTIONS
Subchapter 2.59.4 - Credit Unions
Rule 2.59.417 - INVESTMENT RULE - CERTAIN QUASI-GOVERNMENT SECURITIES
Universal Citation: MT Admin Rules 2.59.417
Current through Register Vol. 18, September 20, 2024
(1) Certain other securities are approved for credit union investment. There is no dollar limit on a credit union's investment in:
(a) General
Services Administration (participation certificates);
(b) Maritime Administration (bonds and
notes); and
(c) Washington
Metropolitan Area Transit Authority (bonds).
(2) A credit union's investment is limited to 50 percent of its net worth in:
(a) Asian
Development Bank (bonds and notes);
(b) Financing Corporation (FICO)
(bonds);
(c) Inter-American
Development Bank (bonds);
(d)
Resolution Funding Corporation (REFCORP) (bonds);
(e) Tennessee Valley Authority (TVA) (bonds);
and
(f) World Bank (bonds and
notes).
AUTH: 32-3-701, MCA; IMP: 32-3-701, MCA
Disclaimer: These regulations may not be the most recent version. Montana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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