Wyoming Administrative Code
Agency 010 - Agriculture, Dept. of
Sub-Agency 0005 - General Agency, Board or Commission Rules
Chapter 20 - SPECIAL PURPOSE DEPOSITORY INSTITUTIONS
Section 20-6 - WDA APRGP Application Review and Approval

Universal Citation: WY Code of Rules 20-6

Current through September 21, 2024

(a) Consistent with W.S. 13-12-105(b)(iii), a special purpose depository institution may, in addition to other options, maintain unencumbered liquid assets and capital through investments in the following asset classes:

(i) Obligations of the U.S. Treasury or other federal agencies;

(ii) Obligations of a U.S. state or U.S. municipal government which are investment grade;

(iii) Debt securities issued by a business entity which are investment grade;

(iv) Securities issued by a U.S. federal or state government agency or government sponsored enterprise which are investment grade;

(v) Gold, silver or other stable commodities;

(vi) Investments specified by W.S. 13-3-302;

(vii) Other investments which are determined by the Commissioner to be substantially similar to the assets described in this subsection.

(b) In the event of an emergency, the Commissioner may, after consulting with affected institutions, reasonably restrict special purpose depository institutions from investing in some of the asset classes described in subsection (a) of this section, or may reasonably modify the manner in which investments may take place. As used in this subsection, "emergency" means:

(i) Illiquid or otherwise abnormally functioning markets, other than digital asset markets;

(ii) An unsafe or unsound condition, as defined in § 8(a)(ii) of this Chapter.

Disclaimer: These regulations may not be the most recent version. Wyoming 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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