La. Admin. Code tit. 71 § I-501

Current through Register Vol. 50, No. 11, November 20, 2024

Section I-501 - U.S. Government Agency Obligations

A. Pursuant to R.S. 49:327(B)(1)(a) and (b), obligations of or obligations guaranteed by, any of the following agencies, instrumentalities, or government-sponsored entities of the United States government, or their successor agencies, universally referred to in the investment community as "agency securities," shall be eligible for investment by the treasurer:

1. Government National Mortgage Association (GinnieMae, GNMA);

2. Federal Agriculture Mortgage Corporation (FAMC);

3. Farm Credit Financial Assistance Corporation (FCFAC);

4. Farm Credit System Banks (FFCB);

5. Farmers Home Administration (FmHA);

6. Federal Home Loan Banks (FHLB);

7. Federal Home Loan Mortgage (FreddieMac, FHLMC);

8. Financing Corporation (FICO);

9. Federal Land Bank Bonds (FLBB);

10. Federal National Mortgage Corporation (FannieMae, FNMA);

11. Resolution Funding Corporation (REFCO);

12. Small Business Administration (SBA);

13. Federal Deposit Insurance Corporation (FDIC);

14. Tennessee Valley Authority (TVA);

15. U.S. Postal Service (USPS).

B. The named agencies may issue such securities as discount notes, notes, debentures, bonds, participation certificates, mortgage-backed securities, collateralized mortgage obligations, adjustable rate mortgages, floating rate notes, and step-up notes of various maturity, call and put features. These securities issued by a named agency are illustrative only. Since agencies periodically issue a new form of security with similar guarantees, any such guaranteed security issued by a referenced agency shall be eligible for investment by the treasurer.

La. Admin. Code tit. 71, § I-501

Promulgated by the Department of the Treasury, Office of the Treasurer, LR 15:751 (September 1989), repromulgated LR 29:192 (February 2003), amended LR 38:146 (January 2012).

AUTHORITY NOTE: Promulgated in accordance with R.S. 49:327(B)(1)(a) and (b).