
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC1435]

 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER 11--FEDERAL HOME LOAN BANKS
 
Sec. 1435. Obligations as lawful investments; liability of 
        United States for debentures, etc., issued by banks
        
    Obligations of the Federal Home Loan Banks issued with the approval 
of the Board under this chapter shall be lawful investments, and may be 
accepted as security, for all fiduciary, trust, and public funds the 
investment or deposit of which shall be under the authority or control 
of the United States or any officer or officers thereof. The Federal 
reserve banks are authorized to act as depositaries, custodians, and/or 
fiscal agents for Federal Home Loan Banks in the general performance of 
their powers under this chapter. All obligations of Federal Home Loan 
Banks shall plainly state that such obligations are not obligations of 
the United States and are not guaranteed by the United States.

(July 22, 1932, ch. 522, Sec. 15, 47 Stat. 736; Pub. L. 101-73, title 
VII, Sec. 701(b)(1), (3)(A), Aug. 9, 1989, 103 Stat. 412.)


                               Amendments

    1989--Pub. L. 101-73 substituted ``Board'' for ``board''.
