Rule 2.59.1601 - U.S. TREASURY AND U.S. GOVERNMENT AGENCY ISSUES(1) There is no dollar limit on a bank's investment in the following U.S. treasury securities: (2) There is no dollar limit on a bank's investment in U.S. treasury bonds and notes in the form of separate trading of registered interest and principal of securities (STRIPS).(3) There is no dollar limit on a bank's investment in the following U.S. government agency ordinary debt issues: (a) farm credit system (FCS) : (i) consolidated FCS bonds;(ii) federal land bank bonds (FLB) ;(iii) federal intermediate credit bank bonds (FICB);(iv) banks for cooperatives bonds (BC); and(v) federal agricultural mortgage corporation (FAMC);(b) farmers home administration (FmHA) ;(c) federal housing administration (FHA);(d) federal home loan banks (FHLB);(e) federal home loan mortgage corporation (FHLMC);(f) federal national mortgage association (FNMA);(g) student loan marketing association (SLMA); and(h) United States postal service (USPS).(4) There is no dollar limit on a bank's investment in the following U.S. government agency mortgage-backed securities (MBS), collateralized mortgage obligations (CMOs) and real estate mortgage investment conduits (REMICs) : (a) instruments issued by the federal home loan mortgage association (FHLMC) ;(b) instruments issued by the federal national mortgage association (FNMA);(c) instruments issued by the government national mortgage association (GNMA);(d) instruments issued by the federal agricultural mortgage corporation (FAMC);(e) FHLMC MBS pass through securities (PCs) ;(f) GNMA I, single issuer pass through PCs; and(g) GNMA II, single and multiple issuer pass through PCs.Mont. Admin. r. 2.59.1601
NEW, 2002 MAR p. 166, Eff. 2/1/02.Sec. 32-1-433, MCA; IMP, Sec. 32-1-424, 32-1-433, MCA;