Rule 2.59.1602 - OTHER APPROVED QUASI-GOVERNMENT SECURITIES(1) Certain other securities are approved for bank investment. There is no dollar limit on a bank'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 bank's investment is limited to 50% of capital and surplus 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).Mont. Admin. r. 2.59.1602
NEW, 2002 MAR p. 166, Eff. 2/1/02.Sec. 32-1-433, MCA; IMP, Sec. 32-1-424, 32-1-433, MCA;